Rough transcript from the Rachel Maddow Show website:

>>> right, the deficit is shrinking at the fastest rate since world war ii, seriously. it actually ran a budget surplus, and then it happened in june. and whether or not you think it is a good thing or bad thing whether or not the deficit is shrinking faster than new jeans in a hot drier, it depends on what you think about the politician.

>> this is the growing deficit.

>> the growing deficit is not a thing, it is not growing, it is shrinking, and we learned it is shrinking faster than we originally thought, and we would have a smaller budget than they previously forecast. so earlier when we previously debunked eric cantor, we were sort of wrong. it is actually going to be smaller than we said it was going to be. so this is the graph revised today, so you can put it on your refrigerator, when you think you have to do something bad for yourself because of our out of control spending. you know, they looked at the eric cantor statement, they noted he said the deficit was growing when in fact it was shrinking. they then noted eric cantor’s statement was half true. that is another way you can actually know it was a false statement of his. political-fact is another way of learning the truth in american politics. it is time for “the last word” with lawrence o’donnell, have a great night.

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