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To: entropy12; greeneyes

No, it means that the budget surplus in the years there was one was not applied to paying down the debt.

http://www.federalbudget.com/


45 posted on 01/29/2012 7:40:28 AM PST by Rome2000 (MYTH ROMNEY IS A MORMON MELCHIDEZEK HIGH PRIEST)
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To: Rome2000

There are 2 parts to the National Debt. Public Debt and Intergovernmental Debt.

Public Debt + Intergovernmental Debt = National Debt

During the Clinton/Republican Congress years, there WAS a decrease in the PUBLIC Debt.

Public Debt represents the Treasuries that individuals and countries have purchased.

The excess Social Security payments(for example) are invested in special NON-NEGOTIABLE Treasuries. Once invested they become part of the intergovernmental debt.


48 posted on 01/29/2012 10:25:45 AM PST by greeneyes (Moderation in defense of your country is NO virtue. Let Freedom Ring.)
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To: Rome2000

OK, if the budget surplus was not applied to reducing debt as you are saying, where did it go? I am assuming the only other place it went was spent somehow. If true how can they claim a budget surplus when it was not used to reduce debt?


49 posted on 01/29/2012 11:03:36 AM PST by entropy12 (Socialism has failed everywhere tried. It breeds mediocrity, corruption, nepotism & poverty for all)
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