I agree with all but one. It's very important that we not make mistakes, so you must retract the "deficits are already shrinking" statement. It is, in fact, true. Of course, while the annual deficit shrinks (moderately and belatedly) due to the (still anemic) economic growth under this administration, the debt continues to grow. As long as you have any deficit (annual shortfall), you keep adding to the debt (accumulation of past shortfalls).