Jeff Young
GT40s Supporter
Head banging on wall.....
NO IT DOES NOT ALWAYS EXCEED TAX REVENUES. Clinton was President for 8 years. The first 5 he ran a deficit, the remainder a surplus. The "net" was addition to the debt. You understand the concept of "net" correct? I hope....
Here is a chart. I know you hate charts, but it would be good for you to look at this one. It is a list of the budget deficit OR SURPLUS each year since 1940. In a year in which there was a surplus, more tax revenue was taken in than the spending set forth in the budget/actually spent.
ALSO NOTE IT IS ADJUSTED FOR INFLATION SINCE THAT IS THE ONLY WAY TO COMPARE DOLLARS ACROSS TIME.
If you don't get this one, you are hopeless. You are just flat out wrong. As wrong as wrong can be.
History of Deficits and Surpluses In The United States
NO IT DOES NOT ALWAYS EXCEED TAX REVENUES. Clinton was President for 8 years. The first 5 he ran a deficit, the remainder a surplus. The "net" was addition to the debt. You understand the concept of "net" correct? I hope....
Here is a chart. I know you hate charts, but it would be good for you to look at this one. It is a list of the budget deficit OR SURPLUS each year since 1940. In a year in which there was a surplus, more tax revenue was taken in than the spending set forth in the budget/actually spent.
ALSO NOTE IT IS ADJUSTED FOR INFLATION SINCE THAT IS THE ONLY WAY TO COMPARE DOLLARS ACROSS TIME.
If you don't get this one, you are hopeless. You are just flat out wrong. As wrong as wrong can be.
History of Deficits and Surpluses In The United States