The Skeptical Optimist: Deficit Watch thru Oct 2007

The Skeptical Optimist: Deficit Watch thru Oct 2007

The total 12-month deficit is a 1.2% of GDP and revenue is still growing at a faster pace than federal outlays (yes, my friends on the left, even including the GWOT).

Where's the huge deficits predicted by the Dems? Bush cut taxes, the economy has flourished and tax receipts are up. The Left often miss the fact that tax revenues are based on two factors... the tax rate and the tax base. Isn't it better to spend our time focused on the base?