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Kenneth Kies

Kenneth Kies

Assistant Secretary for Tax Policy at the U.S. Department of the Treasury; veteran tax policy lawyer and lobbyist with decades of experience in Congress and the private sector.

Jun 1, 2026

5:43
Hmm.
5:44
paid off half a trillion in debt.
5:45
Most people don't actually realize we ever paid off any debt.
5:49
In fact, Alan Greenspan, in January 1, 2001, the 10-year projected surplus of the federal government was $5.6 trillion.
5:59
Alan Greenspan was wringing his hands, which he tended to do anyway, but was wringing his hands over what we were going to do when in about seven years we paid off all the federal debt, what would we do with the money? Because he didn't want us investing in the equity markets.
6:15
Well, let me just say we solved that problem.
6:18
Okay? No problem, Alan.

9 MINS LATER

14:53
But it still lends itself, to a highly partisan exercise when all of a sudden you say, okay, it's just shirts and skins, like let's go.

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