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.

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.

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.

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.

On Thu, 27 Apr 2017 19:01:55 -0400, Alex wrote:


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

Fat Albert's lock box was a worse lie than the carbon credit scam he
is running now.
There was never a trust fund from the time that FDR gave the
government access to the surplus to pay for his war and LBJ put the
last nail in the legend's coffin when he put the SS surplus on budget,
allowing them to use it to defray the deficit and hide the cost of his
war. The trick lasted almost a year before they were in the red
again.