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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Neocon who wrote (120963)	1/3/2001 5:39:08 PM
From: WTSherman	Read Replies (1) \| Respond to of 769667

<In other words, if there is no deficit, the debt goes down as bonds and other securities are redeemed< Neo, are you intentionally being obtuse or did you not actually read what you posted? It states pretty clearly that the gov't debt goes up and down based upon current receipts/outlays. What this means is that if there excess excess outlays(over receipts) the debt goes up. If there are excess receipts over payments the debt goes down. If the budget is BALANCED it means that these basically match and the debt will not change. As I said before, there is NO PROVISION for accruing funds to repay debt upon maturity(this is a standard accounting procedure for corporations). Thus, paying down the debt only occurs when there is a budget surplus. Do you get it, yet???? Really...