Thus, even if a rise in the return on investment reduces the level of domestic savings it will not lead to a reduction in the surplus of such savings over investment.
If all of the above was implemented and we focused on producing a 500 Billion dollar annual surplus to be applied to debt reduction we might have a chance.
In 2001, he pushed through a historic tax reduction that took a big dent out of the surplus and in 2003 pushed another, even though America was in the middle of a war against terrorism.
And there was a major spending reduction in the wake of the income-tax increase Clinton is famous for, with the budgetary surplus implying future tax cuts.