'The Shrinking Deficit'

Bill McBride:

The Shrinking Deficit: From the WSJ: Budget Deficit Totaled $488 Billion For Year Ended July, Down 9% From Year Earlier...

The most recent CBO projection was for the fiscal 2015 budget deficit to be 2.7% of GDP. Right now it looks like fiscal 2015 will be under 2.4% (a significant improvement). ...

Is that a good thing?