How Did That Happen?

Last week the Congressional Budget Office released its annual report on the fiscal year ended September 30, 2013. The report showed that the 2013 budget deficit was $680 billion or 4.1% of GDP, as compared to a $1.1 trillion deficit representing 6.8% of GDP from the previous year.  Does this mean that Congress and the Obama Administration have finally gotten their fiscal act together? I will give you some details and then let you decide. Two factors leading to the spending reduction that...