The Derp
Gold Member
- Apr 12, 2017
- 9,620
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- Banned
- #121
So you've finally admitted that there was no surplus? We're making progress here, Derp!
The thing about you, specifically, is that you spout off your mouth without knowing the first thing of which you speak.
Here's what the GAO says about reducing Public Debt:
When the budget is in deficit, the government borrows from the public; when the budget is in surplus, the government can reduce the amount of debt held by the public.
There is no dispute that from 1998-2001, the Public Debt was reduced. That's because of the budget surplus, just as the GAO says.
So the real question is why are you shooting your fat mouth off about something you clearly do not understand?????