The NYT is reporting as "surprising" jump in tax revenues is decreasing the budget deficits. Just wait, we're going to start hearing how supply-side economics works again, even though this is as clear an example of failure of Voodoo economics as ever.

For instance, why are we celebrating a decrease in the deficit as a victory? This is not a surplus! This is a change from the largest deficit on record ($412 billion in 2004 to $315 billion in 2005, and now $300 billion). It's not even decreasing exponentially, nor are we improving our outrageous $8.3 trillion national debt, nor does this include the expense of the Iraq war! I remember when we thought Reagan's last experiment with supply side economics was an unmitigated disaster that screwed us into $4.5 trillion in debt. Now we've gone from a budget surplus to $8.3 trillion in debt with this intellectually and morally bankrupt tax structure and because the deficit has decreased slightly the supply-siders have declared victory? Not to mention, if the markets don't perform like they did last year (they certainly haven't this year) this revenue boost dries right up. Anyway, listen to these jackasses spout BS.

Pat Toomey, president of the Club for Growth, a conservative political fund-raising group, said: "The supply-siders were absolutely right. All the major sources of revenue have grown, especially in areas where we said they would."

How can they say this shit with a straight face? Sources of revenue have increased? So what! They still aren't covering costs, so your economic system is not viable. Also note this is an increase in corporate profits, not tax payments from individuals. These tax revenues are coming from the rich getting richer, and the Bush administration doesn't understand why the American people don't feel like their lives are improving? Sorry, a responsible tax structure would be paying our debts and not risking the economic stability of the country while actually benefiting those who need money, rather than those who have enough to make tons of money on stocks. Hell, even Dick Cheney is betting against our economy now. Maybe this kind of irresponsible economic policy is why.