David; I'm no expert on the way they do things in Washington,
but it looks like neither are they except for getting themselves
elected <G>
The budget looks to me to be some sort of hot air balloon they
fill with numbers of what they are going to spend (borrow )
vs what they think they will take in, this year they took in a few more tax dollars than they thought they would. So they didn't have to
"borrow" as much and they call this reduced borrowing a surplus. <G>
It's like if I planed to borrow 200 Billion, but I only had
to borrowed 180 Billion , I can call this 20 billion I didn't
borrow a surplus , well I can't but they can.
Washington uses a high class esoteric form of English you have to translate before regular people can understand it. It's like some kind of inner code special to our Bankers , Lawyers, and Politicians.
Ie , Like Bankers talk about "POOR" lenders , and call a Front end
service charge on a loan a "discount". It gets very complicated,
but also has the advantage of letting them talk for hours and not
really say anything, and they are very good at doing that.
Our Federal reserve is not truly a branch of our government, as
most people tend to think. It's a privet organization that tells us how much money we can print. And how good or bad we are suppose to
be doing. Not many people understand how it works including me,
but I can see that it's set up that way,
( not to be understandable ) so that no matter what goes wrong
they can never be blamed.
Jim
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