The Incredible Shrinking Deficit

From Investor's Business Daily:

Aided by surging tax receipts, President Bush may make good on his pledge to cut the deficit in half in 2006 — three years early.

Take a look at this chart:
 

Look at that first line.  How is that possible?  You mean we cut taxes and revenue went up?  The next thing you know they'll say that government revenue is most effected by economic growth.

Hat tip to Instapundit.