Aristotle
Senior Member
- Sep 9, 2012
- 1,599
- 126
- 48
Since I am a mindless drone.please point to an unbiased objective source where I can be informed. If you can, and it's legit, I will come back here and apologize.
{ How does the budget deficit or surplus relate to federal debt? View details More Results Toggle
When the Congress makes budgetary decisions, it is also indirectly making decisions about the level of debt held by the public. The yearly change in debt held by the public is approximately equal to the budget surplusThe amount by which the government’s revenues exceed outlays in a given period. or deficitThe amount by which the government’s spending exceeds its revenues for a given period, usually a fiscal year.. The budget surplus or deficit is the difference between total federal revenue and spending in a given year. When the budget is in deficit, the government borrows from the public. Alternatively, when the budget is in surplus, the government can reduce debt held by the public. Thus, debt held by the public generally represents the total of all cash deficits minus all cash surpluses accumulated over time.
}
Budget and Federal Debt
Read carefully.
I said show me objective proof that there was no surplus after Clinton left office. I read your link which is quite informative but I offered you a specific task. Show me where it states when Bush took office there was no surplus.
Last edited: