“Yes, those are BUDGET surpluses and deficits. That’s how they ae defined. You keep confusing national debt, intergovernmental debt, and budget debt.”
You keep confusing the concept of actual deficit (as in income - outlays) with something else entirely. Liabilities are not income, they are liabilities. Defending Bush’s spending based on this is asinine. I keep trying to point out to you that what the government says is a surplus isn’t, but you just refuse to understand.
You probably believe Obama’s unemployment numbers too.
*sigh*
When the US Treasury says there was a deficit for a particular month or year or say there was a surplus for a particular month or year, that is simply receipts minus budget outlays.
You are aware that a budget is submitted and passed each year before the end of each fiscal year, right?
You continue to have no clue as to the difference of budget debt, intergovernmental debt, and national debt.
You’re clueless! No other way around it.