Re: Nice try, Buck, but I've returned this serve before.
The point is this: If economic growth is greater than spending in real terms since 1974, then taxes must be lower in real terms than they were in 1974. This is especially true in light of the fact that we have gone from deficits in 1974 to surpluses in 2001.
This is clearly a move in the right direction. As long as federal spending increases slower than overall economic growth, the relative size of government verses the private sector decreases. Another way to look at it is that government spending made up approxiamtely 25% of GDP in 1990 and today makes up approximately 20%. Obviously those of you who would prefer deep cuts in government are still not happy but it is greatly preferable to government growing faster than the GDP.