but we did increase tax receipts and the growth will hope pay down some of that debt because he increased tax receipts from nearly $1 trillion to 2.85 trillion. >> so the money comes in. washington has an uncanny ability under republicans or democrats to spend the money. but peter, even looking back at the clinton years, people will say clinton raised taxes on the upper income but he slashed a lot of investment related taxes that spur add big economic boon in the market and what have you. but it is the elixir. without getting to politics here, that's why i mentioned democrats and republicans, do you think the ingredients are there in the trump tax cuts, as vague as they are, because they don't get specifics, but they're the ingredients of something that could do the same? >> the raw material is there. i'll begin by copying and being honest. i was aliving during the kennedy and the reagan tax cuts.