Federal Deficit Is Shrinking Even Faster Than Had Been Projected – But Fox Reports It As Bad News

There is good news about the economy — the nonpartisan Congressional Budget Office has reported that the federal budget deficit is reducing even more quickly than had been projected– so, naturally, it is being spun by Fox News as bad news:

Fox & Friends co-host Brian Kilmeade reacted to a new Congressional Budget Office (CBO) report showing the 2013 deficit dropping by $200 billion by lamenting that the report might discourage further austerity measures…

Kilmeade reacted to this news with calls for increased austerity, lamenting that the “positive news” in the CBO report might lead away from a mindset of “fiscal discipline.” Kilmeade concluded, “I just hope we still feel the urgency to get our budget in order.”

Rachel Maddow’s report follows:

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