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Wow... you mean... deficits don't add to the national debt?
Yes, they do, but the debt moves along other lines as well, a phenomenon that you completely left out of the picture. It is entirely possible -- even probable under contemporary circumstances -- that a budget surplus would be seen in conjunction with increasing debt.
Yes, they do, but the debt moves along other lines as well, a phenomenon that you completely left out of the picture. It is entirely possible -- even probable under contemporary circumstances -- that a budget surplus would be seen in conjunction with increasing debt.
Because it's a manipulated 'surplus.' Enough said.
And to remind you AGAIN that you're in the minority of people who like Obama's colossal record-breaking deficits...
The deficit for FY2009 was pegged at just about $1.2 trillion when Obama was sworn in, not yet four months into the year. Eight months of Obama's fantastic out-of-control spending and rapidly declining revenues later, and the deficit is sitting at $1.4 trillion.
Yes, they do, but the debt moves along other lines as well, a phenomenon that you completely left out of the picture. It is entirely possible -- even probable under contemporary circumstances -- that a budget surplus would be seen in conjunction with increasing debt.
It is mathematically impossible for the debt to increase when there is a budget surplus during a given fiscal year.
The deficit for FY2009 was pegged at just about $1.2 trillion when Obama was sworn in, not yet four months into the year. Eight months of Obama's fantastic out-of-control spending and rapidly declining revenues later, and the deficit is sitting at $1.4 trillion.
The manipulated deficit is at $1.4 trillion, while the amount added to the national debt for FY2009 is nearly $1.8 trillion.
The deficit for FY2009 was pegged at just about $1.2 trillion when Obama was sworn in, not yet four months into the year. Eight months of Obama's fantastic out-of-control spending and rapidly declining revenues later, and the deficit is sitting at $1.4 trillion.
It was forecast at 1.2 trillion. It was not at $1.2 trillion in January.
Look to Zimbabwae and Iceland for what happens when a currency gets devalued.
Bottom line...don't be caught with any debt as you will pay dearly after the rebasement.
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