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Re:What to Worry About in This Surreal Bull Market by topmonk on Tuesday November 28, 2017 @07:12AM (#15796482)
Raising taxes didn't do it. It was the horrendous hype generated by the dot com bubble. Having a net surplus was just a blip on the radar which quickly became unattainable as soon as the resulting crash.
Re:What to Worry About in This Surreal Bull Market by sheeshkebab on Tuesday November 28, 2017 @07:32AM (#15796604)
Capital gains tax was raised in late 80’s and 90’s.
Re:What to Worry About in This Surreal Bull Market by topmonk on Tuesday November 28, 2017 @08:34AM (#15797049)
I'm not denying that. I just don't think the explanation for why the deficit was eliminated was because of that.
Re:What to Worry About in This Surreal Bull Market by lsniddy on Tuesday November 28, 2017 @07:30AM (#15796595)
coupled with Alan Greenspan's promotion of home ownership which eventually led to the subprime collapse