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
“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...”
Look up “economic profit” vs “accounting profit” in a good economics book. Perhaps then you’ll understand where I’m coming from when I say that there was no actual surplus - even by GAAP standards.