was at the university of missouri, and back then, we were worried about the deficit and had gram ruddimanhatever cuts they did, clinton came into office, and he raised taxes and did it cure the deficit? look at the numbers, it did. but what killed the deficit, economic growth and when we have these discussion about raising taxes and cutting, the one think we're light on is the fact when you grow the economy, deficits -- >> neil: you can't boom your way out of it. >> if we knew how to create a bomb we have won it but the crash of 1987 was not macroeconomic phenomena, it was micro economic phenomena, portfolio insurance, when you guys were in elementary school... >> neil: everything is sparked by something... >> portfolio, they sold the futures -- >> neil: i'm well aware of that why didn't it happen at any prior moments. >> there was not massive portfolio insurance and it was not triggered. >> neil: no, no, the degree of professional insurance out there was higher in 1986. my point is, there is always a trigger that tests the computers. >> whatever the trigger was, it was portfolio insuranc