On 24 August 2007, the Financial Times reported that the US budget 
deficit will shrink to $158 billion in fiscal year 2007, according to 
the non-partisan Congressional Budget Office. This latest forecast is 
down from its March estimate of a $177 billion deficit and significantly 
lower than a $205 billion estimate issued by the Bush administration on 
11 July.

Despite huge spending increases, the US deficit has been falling 
progressively from a high of $413 billion in 2004.

This is what tax cuts do.  They grow government revenues.

-- 

mjt

A supporter of http://www.taxpayersalliance.com/, fighting to stop the 
government ripping off the taxpayer.

Tax cuts v public services?  No!  Tax cuts *for* better public services.