Here's a shocker: Did you know the federal spending deficit shrank 13% in August?

Well, it's only a shocker to Conservatives, really.  You see, everyone who has a basic understanding of macroeconomics knew that when people are earning more and employment grows, so do tax receipts.

So it's no wonder that the budget deficit shrank in August.

The CBO is predicting that federal deficit spending will be 9.1% of GDP for 2010, which is a contrast of the warning of many Republican capitalists who have been going off on shrill warnings of out of control spending.  Never mind that, even while GDP was growing, Republicans chose to allow the federal deficit spending to increase.