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To: avacado

“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.”

http://mises.org/story/542

“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.


146 posted on 12/08/2009 9:28:44 AM PST by Favor Center (Targets Up! Hold hard and favor center!)
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To: Favor Center

Good day. We’re done.


147 posted on 12/08/2009 9:30:28 AM PST by avacado
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