[Dan40]

Originally Posted by sunman

BeanCounter and Dan40


The is where the surplus numbers come from.

Cnn, Sept 27, 2000, six weeks before elections,

Pres Clinton announced,

$2,025 billion fed taxs collected fiscal year 2000
$1,800 billion fed budget fiscal year 2000
$225 billion surplus

In 1999 they claimed $123 billion surplus.

I don't make up the news I just read it.

Yes as a accounting method this is a crock!!! This is THEIR idea of surplus/ deficit not mine.

But, if this would have continued and the extra money was applied to the fed debt, it would of been reduced assuming it was larger than the interest.

The question was "but where is this surplus the liberals always refer to ?"

Answer, it was the difference between taxes collected and the fed budget. It was very short lived and now is history.

Sunman

Did we owe more at the end of the fiscal year or did we owe less?