From: mark@unicorn.com
Date: Thu Jul 09 1998 - 06:03:30 MDT
VirgilT7@aol.com wrote:
>Basically, there is a surplus if the funds brought in exceed the funds
>expended, and there is a deficit if the funds brought in are less than the
>funds expended. The debt is the sum total of all surpluses minus all
>deficits.
So, given that the debt is $175 billion larger, there's a $175 billion
deficit, right?
>So of course one can have surpluses when one has debt.
Uh-huh, true but utterly irrelevant. You can have a surplus and have
decreasing debts, but you can't (by your own logic above) have a surplus
when the debt *increases* by $175 billion.
So where is this mythical surplus?
Mark
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