seattle.politics

On Wed, 10 Oct 2007 16:19:40 GMT, Tom Servo wrote:

>On Wed, 10 Oct 2007 08:39:02 -0700, Don Homuth
>< > mumbled:
>
>>On Wed, 10 Oct 2007 03:47:35 GMT, Tom Servo wrote:
>>
>>>On Wed, 10 Oct 2007 02:53:47 GMT, "Ermine Todd III"
>>> mumbled:
>>>
>>>>
>>>>
>>>>"Tom Servo" wrote in message
>>>>news:j57og3p0fbtmsbv6j5aqofmkmdgon6kc56@ ...
>>>>> On Tue, 09 Oct 2007 23:22:28 GMT, "Rev. Bob 'Bob' Crispen"
>>>>> mumbled:
>>>>>
>>>>>>And yet the last Democrat in the Oval Office gave us a budget surplus
>>>>>
>>>>> Incorrect, the tech bubble gave us a surplus.
>>>>
>>>>Clinton raised taxes in '93.
>>>
>>>And why shouldn't gubmint run a surplus, eh?
>>
>>It didn't run a surplus. It ran what knowledgeable folks call an
>>"overage
>
>Whoa...heavy spin....

No spin. It's called Accounting, and the analysis is quite correct.

>When gubmint runs a surplus, the private sector is at a loss.

The feds have not run an Actual Surplus for a Very long time. They
have, however, run up a bunch of accrued debt.

How else do You figure the debt will be paid down without taking in
More money than goes out? That's an Overage in the Current Account.
But it's not a Surplus as the term is correctly applied.