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Politics : Electoral College 2000 - Ahead of the Curve
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To: TraderGreg who wrote (5602)12/10/2000 4:18:48 AM
From: Mama Bear  Read Replies (2) of 6710
 
"You don't have to be an accountant to understand that just because income exceeds expenses does not mean the public debt goes down."

Pray tell, where did the extra money go to then? C'mon Greg, reality is the surplus is a fantasy generated by bad accounting. I have 100k income. One of my budget items is to put 10k in my retirement fund. At the end of the year I've spent the 100k, and put an IOU in retirement fund for 10k and promise to pay myself interest. Did my budget balance? Maybe on Capital Hill.

"I guess you don't even believe your own REPUBLICAN Congressional Budget Office."

Why is it 'my' republicrat budget office? I am not with either of the big gov't parties. If someone is saying that income exceeded expenditures when the debt increased, they are either lying or living in lala land. I don't care which party they come from.

There is no budget surplus. It is as simple as that.

Regards,

Barb
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