It's shrinking mostly because tax revenue is a lot higher then expected and because Fannie May and Freddie Mac are making a bunch more money then expected off there loans. Which... I'd actually be worried about Freddie and Fannie... considering.
and the deficit and debt will continue to rise quite a bit.
This is also assuming that nothing happens in congress from here on out. So, that the Democrats won't get any of the extra spending they want for example. No tax cuts by republicans.... No discretionary funding, no emergency funding, no financial crisis.
No rollover of Medicare price reductions. (Which, despite Washington gridlock is something that always seems to pass.) No extension of popular tax breaks for anyone from republican businesses to democratic businesses to the poor.
So if your rooting for congressional gridlock, this is good news. Otherwise....
Essentially to keep budget analysis. The congress has to do nothing. Even then... i'm planning to be alive in 10 years. Not sure about you.
The truth is, the debt problem is far larger then democrats, and republicans realize... and that includes the tea party.
