You truly do not understand the budget nor deficits or a surplus. A surplus or deficit in regards to a budget is simply the difference in receipts and outlays. There was a budget surplus from 1998 - 2001.
We've covered all that I care to cover. Don't feel like being a teacher today. Have a good day.
“You truly do not understand the budget nor deficits or a surplus. A surplus or deficit in regards to a budget is simply the difference in receipts and outlays. There was a budget surplus from 1998 - 2001.”
No, there was not. There was an increase in intergovernmental debt during that period. The “surplus” was money loaned from Social Security through the purchase of Treasury securities. A shell game driven by increased payroll taxes. You know, the fact that there was no surplus was used by the Bush campaign against Gore. Funny you use the idea he ran against to defend him.
“We’ve covered all that I care to cover. Don’t feel like being a teacher today. Have a good day.”
If you presume to lecture, make sure you are actually correct. You have a good day too.