<Bush has reversed 100% Bill Clinton's had done for Americans:
The greatest president William Clinton:
-Reversed Bush Sr's deficit to SURPLUS
-Paid part of National Debt in his last 2 yrs
-Created 25M new jobs
-Stock indices increased steadily
-Increased/created funds for Veterans, Scientific Research, Education, Medicare, Medicaid, Housing, Head-Start, Child Care Credit, Earned Income Credit, Student aids, Maternal Leave, etc
-Loving, compassion, and Kindness
Bill & Hillary Clintons are of the people, by the people, and for the people.
Our government system depends on inflating a dollar into a dimes value every 30 years. The gov will sell all the bonds and print all the money they can within that limit. Debt? who cares! .. they pay the hoopleheads off at a dime on the dollar. Its called fiat currency. "In god we trust".. God is backing the currency and he never claimed central banking skills. In Ben we trust..Benanke's role is to keep us on the 30 year schedule.
Is it always a correct figure in the budget? No
Even if it is included the debt could go up.
You are stuck on saying the debt went up and it did. there are many reasons for it.
You obvioulsy do not want to understand, so I give up. No matter how it is explained you cannot or will not understand.
"Feels like trying to explain a reletively simple accounting concept to you." Oh, I understand simple accounting but apparently you do not. If surplus then debt goes down. Debt did not go down therefore no surplus.
"...Federal debt held by the public has been reduced..." That is the key phrase, "Federal debt held by the public." What it doesn't say is that the Federal debt held by the Federal trust funds went up by more than the debt held by the public went down. They simply borrowed more from the trust funds to make it look like they balanced the budget.
"I understand your flawed logic." The only flawed logic is yours.
"Your budget is about projected spending. If you project and spend 60k and have an unexpected income of 65k, then you have a budget surplus." In my example I said you have an income of $50K. Did not say anything about having $65K. Read, follow and comprehend.
"Now if your debt goes up each year by 10k in interest alone and you pay 5k on your debt, the debt still ngoes up, even if you paid some on it." Interest on the Federal debt is included in the budget.