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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


151 posted on 12/08/2009 9:39:49 AM PST by avacado
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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.”

The Treasury can define Skittles as “revenue” to claim a surplus, but that doesn’t exactly match GAAP. You know what GAAP is, right?


154 posted on 12/08/2009 9:43:01 AM PST by Favor Center (Targets Up! Hold hard and favor center!)
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