He quotes Riedl from the WSJ, who blows away the "tax cuts cause Armageddon" lie:
Specifically, the tax cuts for those earning more than $250,000 are responsible for just 4% of the swing
...and Ticker pins the tail on the donkey: IT'S THE SPENDING, STUPID!! Yup. GWBush's spending (albeit the (D) congress of /06-/08 will never be accused of fiscal prudence.)
Oh, there's more.
George Bush, like all the Presidents before him in recent history, stole the surplus from FICA and Medicare and spent it.
Note that Herr Clinton never managed to get a negative number in that chart either.
Let me repeat: President Clinton never ran a surplus.
Feel free to peruse Eggster's blog for the end-game of those thefts (you will NOT get a SocSec check if you're under 50 years of age...)
Some wonder why most voters want to toss ALL of Congress.