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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. |
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