Driving the economy into the ground

This chart shows just how disastrous the Bush tax policy over the last couple of years has been to the economy and to federal government tax revenue. (Hat tip Acidman.)

All sarcasm aside, this shows that you really can grow federal tax revenue with tax cuts, at least as long as they're the right ones and work to stimulate the economy. As Rob notes, however, there's still a problem with runaway federal spending. Note that I'm not talking about what we're spending on the war, which is one of the few things that the federal government is actually authorized to do under the Constitution. It's time for the President and the Republican Congress to remember what it's like to be fiscal conservatives.