How to make record deficits sound good

http://news.yahoo.com/s/ap/20060711/ap_on_go_pr_wh/budget_deficit;_ylt=AuBGWju3x70OueX1_SrK9uWyFz4D;_ylu=X3oDMTA0cDJlYmhvBHNlYwM-
"U.S. deficit estimate drops to $296B"
Typical headline in the so-called "liberal" MSM (main-stream media) for this non-news.

Why is it big news that the U.S. deficit figures are below what Bush predicted?
I predict that I will spend $10,000 this month. So if I only spend $5,000, far more than I make, I guess that will mean that I've done good?