I’ve been reading some interesting articles on President Bush and current federal spending. The philosophy being promoted by some is to cut taxes in such a way that will force the government to eventually cut spending and become smaller. The idea is to starve the beast. More information can be found at Insults Unpunished.
I’m not sure what I think about it all at the moment but the idea is definitely interesting. There is also Starve the Beast: Join the Global Tax Revolt at Amazon but it is out of print.