“That is how budget deficits and budget surpluses are defined.”
I pointed out that those surpluses are not real surpluses. Liabilities are not income. The argument started because you were defending Bush on the basis of an federal accounting surplus and I responded by pointing out that said surplus was not real - exactly what Bush said in 2000.
So, Al Gore, have a good day.
Yes, those are BUDGET surpluses and deficits. That’s how they ae defined. You keep confusing national debt, intergovernmental debt, and budget debt.
At least I understand the meaning of the far right hand column in the US Tresury monthly statement linked below. You on the other hand haven’t a clue as to what the column means as you have proven over and over.
SUMMARY OF RECEIPTS, OUTLAYS AND THE DEFICIT/SURPLUS BY MONTH OF THE U.S. GOVERNMENT
http://www.fms.treas.gov/mts/mts1009.txt