Cut Deficit by Half?

My take on the President's proposed budget, for those who care, is posted below, but did you hear this one?
Radio commentator Michael Medved and one of his guests (I'm sorry I missed the name) were discussing President Obama's "goal" to cut the deficit by 50% in next year's budget (Propaganda Alert: Glittering Generality), but then Medved also pointed out that a 50% cut still leaves us with a $650 billion deficit! That's larger than any deficit presented in eight years of the George W. Bush administration, even with the impact of 9/11 and a two-front war figured in.
And it gets better. To meet that "goal," the Obama administration is projecting three-and-a-half, four and even four-and-a-half percent growth rates in the U.S. economy over the next three years (Another Propaganda Alert: Card Stacking). Those are incredible (literally) boom time growth rates, and the chances of the U.S. experiencing the kind of growth that will result in a significant reduction of the Obama Deficit, even in ten years, are minuscule.
In marketing, when someone tells you a tale like that, it's called "blue sky," and only a sucker buys.
PS