Rustic
Diamond Member
- Oct 3, 2015
- 58,769
- 5,895
Basically if you have a bank account you can't take any more out of it than what you have in it, if you do that's debtThere cannot be a surplus if there is any debt... simple case of arithmetic can tell you thatThere has never been a surplus for many, many decades... just debt... lolSure wish Ronnie/Dubya didn't try just half of Keynes, you know when they both blew up spending AS they gutted revenues![]()
We are an overtaxed society... And perceived future taxes do not exist
Sorry Cupcake, BJ Bill had 4 budget surpluses, 3 after vetoing the GOP's $792+ billion tax cut. You know what a budget surplus is right cupcake?
Carter had US near 19.6% of GDP in revenues and Ronnie GUTTED it to 17% of revenues but 22% in spending, BJ Bill got it back to 20% of revenues/spending cupcake, WHILE Dubya gutted revenues to 14.6% of GDP and blew up spending to almost 24%
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Yes cupcake, debt, nothing to do with F/Y year budgets cupcake
A budget surplus is a period when income or receipts exceed outlays or expenditures.
Budget Surplus
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