Remember this speech, wherein John McCain promised that the regional Republicans would DO something about earmarks, waste, and spending? 'My friends, I will make them famous ...!', he promised.
What's John McCain been up to? Well, he's proposed internet legislation that would throw consumers to the wolves. He's been out defending property rights, according to his website.
Have you heard any Senator's earmark getting "made famous" by John McCain?
In other words, the Reagan Revolution on taxes, having run its course, is almost all smoke-and-mirrors. The Bush Administration never - never once - made revenues equal expenses.