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Only $780 Billion

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From the CBO Director's Blog: "The federal government incurred a budget deficit of almost $780 billion in the first half of fiscal year 2012...."  The good news, if this can be viewed as such, is that the deficit is $53 billion less than it was at this point last year.  It's too bad that the deficit is still projected to exceed $1.2 trillion for the entire fiscal year.