Wrong. And please, don't base a news network's quality on the amount of viewers it has.
Here is the definition of deficit:
1.the amount by which a sum of money falls short of the required amount.2.the amount by which expenditures or liabilities exceed income or assets.3.a lack or shortage; deficiency.4.a disadvantage, impairment, or handicap: The team's major deficit is its poor pitching.5.a loss, as in the operation of a business.
Modern America: Subversion, Extortion, and Taxation in a crunchy Democratic shell.