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To: FlameMe who wrote (17110)1/25/2001 3:35:36 PM
From: JakeStraw  Read Replies (1) | Respond to of 24042
 
>>I think you are referring to the national debt that was accumulated over the last 30 years

Yes, so that is the accumulated deficit. Now, even if their current appropriations are higher than current spending it still does not wipe out the accumulated deficit. Now what would happen if the reverse occurs and spending is higher than appropriations? Then the accumulated deficit grows.

>>btw, i majored in accounting.

Are you currently practicing?


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