On Thu, 27 Apr 2017 07:45:26 -0400, "Mr. Luddite"
wrote:

On 4/26/2017 8:26 PM, wrote:
On Wed, 26 Apr 2017 16:12:20 -0400, "Mr. Luddite"
wrote:

His Treasury guy (forget his name) claims the new tax rates will produce
something like 5 Trillion in revenues over 5 years. It's a start.


$5T more? What growth rate does that depend on?

It is like Clinton's "surplus" based on the internet boom going on
forever and it crashed in 2000? We never even had a real surplus for a
quarter. The deficit never actually went away and the debt continued
to grow.


Clinton's "surplus" was the excess Social Security revenues that were
turned over to the general fund.

That has been true since FY69 and we still have never had a dime left
over to reduce the debt. In fact the excess SS revenue was in the
general fund since LBJ put it "on budget" in 68
69 was just the first full year that it actually mattered and Nixon
showed a surplus on paper that year. It did not take long for extra
spending to gobble up that money. War is expensive.