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..........
“You still don’t understand a simple accounting term and definition. “
You don’t understand simple economics. If you want to talk about the difference between economic terms and accounting terms, then we’ll talk.
“You keep dragging the national debt and intergovernmental debt in the equation for budget deficit/surplus.”
There was NO REAL SURPLUS! Bush was right in 2000!