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Les chiffres nouveaux sont arrives!

October, and all hearts turn to ... what else but the end of the Federal fiscal year? I've posted updated deficit numbers here.

Executive summary: After two years of dramatic decreases in budget deficits, the deficit this year was flat: only $14 billion smaller than the previous year. The inflation-adjusted deficit is down 39% from its peak in 2008-2009, but not quite down to its pre-recession high of 2007-2008.