A recurring theme at the Los Angeles Times during the past several days has been that the nation's economic and fiscal circumstances really aren't all that bad, and they're getting better under Dear Leader Obama. (Oh, and throw in a healthy dose of "It's Bush's fault" for good measure.)
Lisa Mascaro, with the help of Brian Bennett, David Lauter and Michael A. Memoli, added to that effort late Saturday afternoon. In an item primarily about the politics of the Washington's next scheduled fiscal standoff in mid-December, she did the usual spin on this year's budget deficit (writing that it has "declined rapidly," while conveniently forgetting that this year's shortfall will be higher than any non-Obama deficit in U.S. history). She also gave undue credence based on poor historical accuracy to Congressional Budget Office projections which claim that "the national debt ... is projected to be stable or even declining as a share of the economy well into the next decade." But she ventured beyond the careful but misleading realm of the previous two statements into flat-out falsehood when she wrote: "The country is on a budget trajectory that, while substantially improved from the recent recession ..."