MSNBC Host Says Obama Has Already Reined in Deficit

U.S. Budget Deficit Shrinks by Over $200 Billion, Reaches 4-Year Low (The Maddow Blog)

As the job market improves and unemployment falls, one of the central attacks from Romney/Ryan against President Obama has to do with the deficit. The attack overlooks Paul Ryan's role in creating the massive deficit, the inconvenient fact that Romney hasn't presented a deficit-reduction plan, and the problem that the Romney/Ryan agenda would appear to make the deficit significantly worse, but that's their story and they're sticking to it.

It's worth noting, then, that as of today, the U.S. federal budget deficit has shrunk -- a lot.