Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: avacado

“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!


144 posted on 12/08/2009 9:20:30 AM PST by Favor Center (Targets Up! Hold hard and favor center!)
[ Post Reply | Private Reply | To 143 | View Replies ]


To: Favor Center

When the term “budget deficit” or “budget surplus” is used in regards to the federal government is simply means the difference between receipts and outlays.

I can’t help you any more than that.... Sheeze...

Maybe this will help you.

SUMMARY OF RECEIPTS, OUTLAYS AND THE DEFICIT/SURPLUS BY MONTH OF THE U.S. GOVERNMENT
http://www.fms.treas.gov/mts/mts1009.txt


145 posted on 12/08/2009 9:24:19 AM PST by avacado
[ Post Reply | Private Reply | To 144 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson