Friday, May 05, 2006

Did anyone notice that the deficit may actually shrink for a second year in a row?  I found this one buried on the U.S. page of the NY Times website.  Isn't this truly a "man bites dog" story that goes against conventional wisdom that should appear near the top? 

Decline In Deficit is Seen

Tax revenues in April, when most people file their annual tax returns, were 14 percent higher than the year before. Despite continued spending on the war in Iraq and hurricane recovery efforts, the budget deficit for the first seven months of the 2006 fiscal year was $53 billion lower than the same period last year.

Why use that, when you can put U.S Job Growth Slows on the home page.  And incase you think that news is more significant in some way, the sub-header reads,  "Analysts said the change in the employment picture does not appear to be the beginning of a broader retrenchment."

I may be biased, but I think think this stands up to scrutiny as a poor choice of placement.

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