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Sort 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 expendit
by magila 5y ago
Sort 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.