According to the United States Treasury, at seven months into the latest fiscal year, the Federal Government’s budget deficit is $80.8 billion. The decline in the deficit is due to record revenue collections pouring into the U.S. Treasury and a slowdown in the rate of “guv-ment” spending (which is still too high).

I wonder when the Democrat Congress will extend the 2003 Bush tax cuts. Heck, maybe they can do the following: eliminate all capital gains, dividends, and estate taxes; tweak the AMT; and hold spending to the rate of inflation minus 2%. Of course they won’t.