Bill Gallagher is a terrific writer with a reality based view. Check out his column here.
There is a reason why we face an 11 trillion dollar deficit, and banking meltdown; it is the prevailing wisdom of the last 30 years put into force without apology by the Republicans: tax cuts, deregulation, privatizing, outsourcing, off-shoring, deficit spending, and belief in a worldview that is obviously, demonstrably false. The economy boomed after the Clinton tax increase and lock in. Note that it was not the increase itself, it was the sufficiency of revenue combined with the unlikely event of further changes either up or down, that allowed for the boom. Revenue needs to be sufficeient and taxes stable.