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Progress: Budget deficit slightly less terrible than expected; Thank the sequester?

Whoever runs the White House Twitter account must have had a restful holiday. The Twitter feed is alive with the administration’s comedy stylings today, from the announcement of the administration’s fresh new vision for a smarter, more efficient government to this bit of good news: the nation’s budget deficit is projected to be $200 billion less than projected. According to a new report from the Office of Management and Budget, America is looking at a revised deficit of only $759 billion.

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In a press release, OMB director Sylvia Mathews Burwell took a swipe at the “economically damaging” sequester, which the AP credits with making the drop in the projected deficit possible, while describing the sequester as the “automatic, across-the-board spending cuts that the White House had hoped to avert” — and which spokesman Jay Carney did his best to pin on the GOP.

https://twitter.com/jeffemanuel/status/354350717756125187

So, the good news is that those GOP-driven cuts the White House opposed have helped reduce the deficit. Progress!

https://twitter.com/davidjmolnar/status/354345180666667009

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https://twitter.com/ChiroCam/status/354342677837389826

https://twitter.com/MmatrixXx/status/354342608169996288

https://twitter.com/lovejoy_42/status/354347022247141377

Spending cuts and lower deficits seem to be a hit with the public.

https://twitter.com/Me_In_Jersey/status/354342836096868353

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