Deleted
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Post by Deleted on Oct 31, 2013 17:34:00 GMT -5
Remember, in order to "reduce" the deficit, the gov't borrows money, and that borrowed money (although debt) is treated like income. The more money the gov't borrows, the more the deficit is "reduced." And that borrowed money increases the national debt. IF, and that's a big IF, the national debt were ever to go down in any fiscal year, that would mean that the gov't actually had a surplus, and some or all of that surplus was applied to reducing the debt (not just paying interest on the debt). When the national debt is actually reduced, then you can get back to me about how the deficit that year was actually reduced without borrowing money to cover it. I'm not holding my breath... Oh. You mean like how Clinton "balanced" the budget. He did? |
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