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Old 12-28-2009, 12:30 PM
BeanCounter BeanCounter is offline
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The "surplus" is the difference between taxes collected and money spent by congress in the bills they approve per year.

The interest on the national debt is added to the national debt, thats why it goes up even with a surplus.

Surplus/ deficit and national debt are two different things.

I may just be a former CFO of several international publicly held companies but that is without a doubt the biggest crock of **** I ever read.

Here is the definition of deficit.

The government's deficit can be measured with or without including the interest it pays on its debt. The primary deficit is defined as the difference between current government spending and total current revenue from all types of taxes. The total deficit (which is often just called the 'deficit') is spending, plus interest payments on the debt, minus tax revenues.[2]
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