Unemployment is at 4.4%. Tax revenues to the Federal Government are the highest they have EVER been. And the reason is the tax cuts supported by George Allen, and signed into law in 2003. These are the investment tax cuts, not the "targeted" tax pushed by the democrats in 2001 which did little to help the economy. These are the taxes that the democrats claim only help the "rich" that they want to repeal.
The following chart shows how the tax cuts have turned our economy around, and provided record revenue to the government:
But when the democrats talk about reducing the deficit, they always talk about RAISING taxes, rather than cutting spending, even though the current tax law is bringing in Record Revenue.