> The irony of Greenspan worrying about Federal debt when he was pushing to NOT pay it off a decade ago. Some might argue that there's a qualitative difference

> The irony of Greenspan worrying about Federal debt when he was pushing to NOT pay it off a decade ago. Some might argue that there's a qualitative difference between $160B/year when you owe $10T and $1.6T/year when you owe $14T. > -- tax cuts solved that. Did they? How much less revenue was collected? Never confuse tax rates with tax revenues. The latter pays for things while the former has only a tenuous relationship with the latter. For example, the US got far more from rich people with low rates than it ever got with high rates.