For the first time since President Bush took office, an unexpected leap in tax revenue is about to shrink the federal budget deficit this year, by nearly $100 billion.
Mr. Bush plans to hail the improvement at a cabinet meeting and to cite it as validation of his argument that tax cuts would stimulate the economy and ultimately help pay for themselves.
Well, hallelujah! Now the question is, will this shut the mouths of the anti-tax cut weenies, or will they complain that the deficit reduction isn't big enough? Hey! Maybe this could lead to more tax cuts to get bigger deficit reduction!