To appreciate it, one must first consider the playing field in this election year. Conventional wisdom holds that if the economy is good, the party in power will almost always hold on to its power. We have full employment. One of Ronald Reagan s unheralded insights, for example, was that if he let the Democratic Congress spill enough red ink, eventually the very size of the deficit would become an obstacle to the Democrats spending mania. Which it did.
Democrats live on government handouts.
It is more than a way of life to the Democratic Party. It is the way to power. Therefore, there is really nothing in the political landscape as important to Democrats election prospects than the emergence of a tax surplus. This year the Democrats can promise to spend and spend, and they don t have to add a single new tax to do it. They can even promise voters a tax cut .