“When you learn the difference between national debt and a budget deficit get back to me.”
Until you learn that you don’t produce surpluses by borrowing money and calling it “revenue”, get back to me. There were real deficits during those years. They were covered with debt. It’s as if one runs up a credit card to make ends meet and claims they have a surplus because they took out more cash than required.
It’s like arguing with Gore... geez. Next thing you know, you’ll be talking about the “lock box”!
You still don't understand a simple accounting term and definition. A budget deficit or budget surplus is simply the difference between the receipts and the outlays. That's it! You keep dragging the national debt and intergovernmental debt in the equation for budget deficit/surplus.
You are dense and slow... boy! Sheeze..........
