>>I don't think so. Because there have been BIG surpluses despite paying down debt. Sure, the surpluses gave extra debt reduction, so we'll lose (some of) that.
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>That was my point, I don't want to lose that. The quicker was can get to a nominal debt, the more we can spend on our citizens and we can even collect less tax. Could you imagine being the only debt free developed nation. Investment would flow in.
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>>And I still think that the GST brings in more than 28 billion. Way more. Every coffee, every drink, every long distance phone call, every electric bill ad infinitum brings in 7 cents per dollar! Way more than 28 billion.
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>Unless you can come up with a better link, that is what were working with.

I'm no good at web "reaserch". But consider this... Mike Wilson, when he implemented the GST, quoted revenue of $28 billion. So the figure hasn't changed in 15 years! It was a crap number to start with and hasn't even been "adjusted for inflation"!!!