Thread: They chose to fail.

Originally Posted by goober

So Receipts were greater than Outlays the federal government ran a Surplus.

No.

Originally Posted by goober

Within the federal government, SS ran a surplus, the non-ss portions of the government ran a deficit.

Yes.

Originally Posted by goober

Overall, the United States Government ran a surplus.

No.

Originally Posted by goober

If outlays were greater than receipts, but the non-ss portion of the government ran a surplus, and redeemed treasuries from SS.
Then you could have the Government running a deficit, and total debt going down.
Although Debt held by the Public would rise.

No.

If the non Social Security part of government ran a surplus, you would have the government running a surplus, and total debt going down in amount. Although the debt held by the public would rise.

I think that you are starting to understand, goober. The Social Security Trust Fund is real, and the bonds that it holds are assets held for the benefit of future Social Security recipients. It is not a government slush fund, and that is why the government must borrow the money from the Social Security Trust Fund before they spend it.

Originally Posted by smurf

No.



Yes.



No.



No.

If the non Social Security part of government ran a surplus, you would have the government running a surplus, and total debt going down in amount. Although the debt held by the public would rise.

I think that you are starting to understand, goober. The Social Security Trust Fund is real, and the bonds that it holds are assets held for the benefit of future Social Security recipients. It is not a government slush fund, and that is why the government must borrow the money from the Social Security Trust Fund before they spend it.

You flunked accounting

Originally Posted by goober

You flunked accounting

That's all you have?

I win, again.

Originally Posted by smurf

That's all you have?

I win, again.

I'm sure you believe that.....