The figures are in for the federal government's fiscal 2012 and the deficit was $1.089 trillion, .
That's less than the previous year's $1.297 trillion and is the third consecutive decline.
But it's also the of a $1 trillion+ gap between spending and revenues.
-- Fiscal 2009: $1.413 trillion.
-- Fiscal 2010: $1.293 trillion.
-- Fiscal 2011: $1.297 trillion.
-- Fiscal 2012: $1.089 trillion.
, Republican nominee Rep. Paul Ryan criticized President Obama for promising to cut the deficit in half in four years, but instead producing four years of gaps exceeding $1 trillion.
Vice President Biden said Republicans caused both the "Great Recession" and soaring deficits by putting "two wars on a credit card ... a prescription drug benefit on the credit card" and giving the wealth a "$1 trillion tax cut."
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