The federal government keeps growing, as I pointed out last week, but the Bush administration has cut tax rates a few times since 2001. How can that be? The answer is simple: deficit spending.

Some Republicans argue that deficits don't matter; that if you cut taxes, everything else takes care of itself. But that's a myth. Yes, the tax cuts stimulated the economy and increased tax revenues. It happens because, as the Laffer Curve illustrates [http://en.wikipedia.org/wiki/Laffer_curve], ...

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