...the deficit's lower than expected and even lower than it was last year but we only find that out after the elections which the right made all about the "ballooning deficit" that they never complained of under the the two previous largest deficits in history, one under Bush/Cheney and the other under Reagan/Bush.
And also after the election the heads of the deficit commission appointed by President Obama, by the way—a conservative Democrat and a conservative Republican—came out with recommendations that included all the things the right was yelling for in the elections as well (tax reduction, cuts in Social Security and Medicare) as well as some the left was (cuts in defense spending) etc.
And in neither case was the main tool for raising revenue for the government even mentioned, i.e. raising taxes on the wealthiest so that they're back to Bush/Cheney levels, not to mention Reagan levels which were even higher, or Nixon era which were even higher, or Esienhower's tenure which were the highest.
Nope, the wealthiest will still benefit most from all the suggestions being officially considered to cut the deficit. And we will continue on the path to "third-worldism" that Arianna Huffington's getting a lot of attention for calling attention to with the title of her new book, though many of us have been writing and saying for years that the growing gap between the rich and the rest of us in this country was eliminating the so-called "middle class" giving us a societal make up, economically, akin to the so-called "banana republics" of yore.
Ah, rightwing Republicanism, ain't it grand.