Citing surging tax revenues from a robust economy, most on Wall Street are predicting that the budget is going to come back into balance within the next 2-3 years. Recall during the 2004 campaign, W promised to cut the deficit in half by end of his term. Well, he's already delivered on that promise 3 years early. Seriously, ponder this for a moment. In 2001 we cut taxes and everyone said it would lead to endless deficits, and yet despite a recession, a disasterous terrorist attack on American soil, a defense and homeland security build-up, 2 wars, ridiculous amounts of spending, huge new entitlement programs, and the most expensive natural disaster in the country's history, the government looks like its going to soon have its checkbook balanced.
And yet Congress still wants to repeal Bushs' tax cuts. What excuse will they come up with when we're in the green?
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