Didn't rudimentary Reaganomics teach them that tax cuts are not a source of deficits but a solution to them -- a spur to reducing the federal government's size and a stimulus to the economy that makes Americans less dependent on the federal government? Tax cuts at once boost the economy (and can actually increase government tax revenues) while sending a signal to Washington that it must back away from the trough. Cut taxes and fiscal discipline may follow; suspend tax cuts and continued bloated government spending is guaranteed.
What planet does he live on? The budget was balanced after repeated tax increases in the 80s & 90s; along with a divided government with a Democratic president. President Hilary Clinton is more likely to cut spending and balance the budget than President Bush.