- Jul 16, 2011
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Great article, but of course the Obama-haters on here are going to ignore both of our sources
Mostly true, but it depends on just how pissed off they get. I try to keep them stimulated...
Both sources? Business Insider is Business Insider=one source.
Just for fun:
Budget Surplus Definition
Budget Surplus:
A situation in which income exceeds expenditures. The term "budget surplus" is most commonly used to refer to the financial situations of governments; individuals speak of "savings" rather than a "budget surplus." A surplus is considered a sign that government is being run efficiently. A budget surplus might be used to pay off debt, save for the future, or to make a desired purchase that has been delayed. A city government that had a surplus might use the money to make improvements to a run-down park, for example.
A budget is a tool, a projection...that is all.
Looking at only part of a financial piece does not equate the entire fiscal situation.
Budget Deficit Definition
Budget Deficit:
A financial situation that occurs when an entity has more money going out than coming in. The term "budget deficit" is most commonly used to refer to government spending rather than business or individual spending. When it refers to federal government spending, a budget deficit is also known as the "national debt." The opposite of a budget deficit is a budget surplus, and when inflows are equal to outflows, the budget is said to be balanced
Federal Government: Current Expenditures (FGEXPND) - FRED - St. Louis Fed
From YOUR link.
Looks like spending keeps increasing!
Your assignment is to find out how much revenue is being brought in, from your source of course.
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Playing the blame game can go on forever.
What's your solution?
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