Alan Greenspan hit a hornet's nest when he disparaged the Bush fiscal policy record in his new book. Responding to Greenspan's comments, President Bush, yesterday: "I would also argue that cutting taxes made a significant difference, not only in dealing with a recession and an attack on our country, but it also made a significant difference in dealing with the deficit because the growing economy yielded more tax revenues, which allowed us to shrink the deficit." Vice President Cheney, today: The economic growth encouraged by the president's tax cuts is now producing sharply increased federal tax receipts -- up by nearly 15% in fiscal year 2005 alone, nearly 12% in fiscal year 2006, and projected to rise nearly 7% in the fiscal year that will end this month. Once again, the Bush administration is saying that tax cuts pay for themselves. This theory has been refuted by almost all credible economists- including ones working in Bush's Treasury Department. These tax cuts just didn't and won't generate substantially more growth. No more growth, no increase in tax revenue because of the tax cuts. So if tax cuts for the wealthy don't pay for themselves, who pays for them? Well, we all do.