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> deficit spend rising every single year We had a budget surplus in 2001 didn't we?
by Buttons840 5y ago
> deficit spend rising every single year
We had a budget surplus in 2001 didn't we?
- magila 5y agoSort of. For the Federal Government having a budget surplus is not the same thing as actually spending less than it takes in. Due to various off budget expenditures the fed's total debt continued to increase even when it declared a budget surplus.
- WalterBright 5y ago> Due to various off budget expenditures the fed's total debt continued to increase even when it declared a budget surplus. Any private company doing government-style accounting would find themselves in jail for fraud. "off budget expenditures" - what a scam.