[groanup]

Only 2% of GDP, not too shabby.

I believe the average of the last 40 years was 2.7%. There is an editorial in today's Wall St. Journal about the "tax tidal wave" due to Bush's tax cuts. This deficit number is in spite of the fact that spending has increased by almost 50% in the last 6 years.

Lower taxes create revenues ala Arthur Laffer. The best kept secret in Washington.

[Niteranger68]

Lower taxes create revenues ala Arthur Laffer. The best kept secret in Washington.

Learn it. Know it. Live it!

[FreedomPoster]

I've had lefties try to tell me that we've gone too far on the Laffer curve, that taxes have been cut too much.

These results show that to be a false assertion.

[Non-Sequitur]

This deficit number is in spite of the fact that spending has increased by almost 50% in the last 6 years.

And had our Republican President and our Republican congress not been raising spending an average of 7% each and every year just imagine what kind of surplus we might have? Heck, we might have even been able to justify even larger tax cuts.