I suppose that it is just a coincidence that each time there are tax cuts the deficit explodes. I wonder why that is? During Reagan and now during bush we have seen increases that will take generations to repay. The budget was balanced after tax increases starting with Bush I and Clinton. Another coincidence I assume. It's both spending and tax cuts that cause deficits. The main reason for the latest tax cuts was the usual, pay back the people who gave campaign contributions to the winner and to get the government to a point where they can claim that the government cannot afford to help the needy because they can't afford it. And of course, unlike any other type of business, the government can borrow/steal money from the social security and medicare surplus and pretend that it is not part of the budget. And right now we are spending billions in Iraq and calling it "emergency spending" (for a war that might never end) and not including it in the deficit calculations. Or is the CBO doing their calculations honestly?

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