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

To: longnshort who wrote (755293)11/29/2006 4:02:22 PM
From: pompsander  Read Replies (2) | Respond to of 769670
 
We could have had an operating surplus...sure. We could have had current receipts over current expenses of $50, for example. But existing debt (not created during the year in question) required debt service of $60.....

So I could certainly have an operating profit for the year and still see an increase in the debt on the family books. Operating statement vs. Balance Sheet.


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