The NYT seems to have laced the Fed. US Budget deficit as leading story and the lack of a deal to cut it(1).
Not sure why, other that that it's got sucked in to the debate in the US Congress as if it's the chief challenge facing the nation.
Logically, as war is the most serious policy, the Afghan and Irai occupation wars should be chief concern. By addressing these other issues reduces coverage & public awareness.
There's nothing inherently good or bad about a budget defecit. Even if it's a record in size.
Footnote:
(1) http://www.nytimes.com/2011/11/22/us/politics/behind-deficit-panels-failure-a-surprise.html?_r=1&hp
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