The latest Republican talking point...

...is, "We don't have a revenue problem; we have a spending problem." (If you haven't heard that by now, you must not follow politics closely. Either that, or you have a life.)

David Weigel, writing in Slate, explains where that annoying sound bite came from. (Hint: it was a certain Republican saint.)

But, honestly, isn't revenue the problem? Expenditures haven't changed in the last ten years (except for the wars, of course), but revenue has. Our current budget problems can be traced directly back to the Bush tax cuts.

Of all the disastrous policy mistakes during the Bush years (and there were a lot), the tax cuts may have been the worst.