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Alex[_11_] Alex[_11_] is offline
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First recorded activity by BoatBanter: Apr 2017
Posts: 134
Default Amazing reaction to tax announcement

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.


Al Gore didn't tell him about the "lock box" I guess.