“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!
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