Breaking (the bank): CBO says 2013 budget deficit estimated at $845 billion

Congressional Budget Office “figures” are out.

CBO estimates fiscal year 2013 U.S. budget deficit at $845 billion or 5.3 percent of GDP after fiscal cliff tax hikes

— Reuters (@Reuters) February 5, 2013

Congressional Budget Office predicts this year's budget deficit will drop to $845 billion

— Jamie Dupree (@jamiedupree) February 5, 2013

Oh, well. Dropping.

https://twitter.com/CuffyMeh/status/298855464077250561

Luke Russert snarks, or he isn’t too swift.

#GOP victory lap for Budget Control Act? RT: @AP BREAKING: Congressional Budget Office says 2013 budget deficit estimated at $845 billion

— Luke Russert (@LukeRussert) February 5, 2013

Citizens don’t find it amusing, nor a cause for celebration.

https://twitter.com/lachlan/status/298853989750030337

Lovely. "@BreakingNews: Congressional Budget Office: 2013 budget deficit estimated at $845 billion – @AP http://t.co/jJ8xvB2E"

— Jedediah Bila (@JedediahBila) February 5, 2013

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https://twitter.com/TinaFisher5/status/298858024649510912

Keep in mind that the CBO has historically low-balled these estimates. The deficit will be higher. Much higher. #tcot

— RBe (@RBPundit) February 5, 2013

@seanagnew Makes more sense now. I didn't THINK we'd had a 40% cut in deficit spending. Like the surplus Clinton yrs, yet the debt increased

— Renna (@RennaW) February 5, 2013

CBO: FY13 deficit as % of GDP still larger than all but one year from 1947-2008

— Philip Klein (@philipaklein) February 5, 2013

Forward!