Tax cuts work, every time they are tried.
It wasn't unexpected and it wasn't a surprise.
Of course Bubba's platform was "It's all about the economy, stupid" and he raised our taxes. Poor Hillary. Things just aren't working out.
But the budget would be balanced this year if the Congress had not spent so much money.
http://www.publicdebt.treas.gov/opd/opdpdodt.htm
... notice how the debt has increased over $450B since the end of Sept. 05.. just over 9 months...
The war spending is old-fashioned Keynesnian government spending, much of it is "off budget". Not the model of a true free enterprise state I'd like to see.
"An unexpectedly steep rise in tax revenues from corporations and the wealthy" unexpected only by people moronic enough to get their information from the NY Times.
NY Times readers also deal with the paradox of lower crime rates and higher incarceration rates.
I am pleasantly surprised that the NYT printed this information prominently at their website.
Yesterday I was listening to Rush, then ABC News broke in. Bad News: job growth less than expected. Only 120,000 new jobs added last month - less than the 160,000 estimated by some. They can spin anything.
Expect more spending increses.