“Yes, those are BUDGET surpluses and deficits. That’s how they ae defined. You keep confusing national debt, intergovernmental debt, and budget debt.”
Nope. You are confusing accounting tricks with actual surpluses. In short, you are confusing book keeping with economics. If you can define income anyway you want, you will always post a “surplus”, but that is not how accountants define income. Liabilities are NOT INCOME.
“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.”
So, I guess you really liked Clinton. He had these “surpluses” for a number of years. They weren’t real, but he had them.
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
Those BUDGET surpluses were due to a Republican Congress. I'm sorry that you are too dense that you continue to confuse budget bedt, intergovernmental debt, and national debt.