You know, I remember working with pilots and they have their own math. Heck, they can make an aiplane fly backwards in time and this with a calculator to figure simpley addition. It was damned impressive.
Bush's math is down right terrifying.
I have to say, if any of the rest of us managed our bank accounts the way the government manages theirs, we'd all be in jail or out on the streets and homeless.
I tell yah, I wanna be a goverment if it means that I can wrack up that much "deficit"(which brings me to another point, how come when I have a bill sitting out on the wings its a DEBT and I get harassing phone calls until they get their mullah. But when a goverment has bills sitting in the wings or no money to pay out, its called a DEFICIT? Iiiiiinteresting) and never have to pay it back.
Well, we also have a national debt, in addition to the deficit. This site explains the difference as follows:
"The federal deficit is is the difference between what the government takes in from taxes and other sources and what it spends annually.
Imagine you made $40,000 in a year, but had $50,000 in expenses. You would have a $10,000 deficit. You would need to borrow $10,000 to make up the difference.
...
The national debt can be thought of as the accumulated debt the government owes from all those years of borrowing money to pay off the annual deficits. It is the total of all money owed to individuals, corporations, state or local governments, foreign governments, and other entities outside of the United States Government. The national debt is also often called the public debt, because most of the money is owed to the public."
In short, the deficit is kind of like overdrawing your checking account, while the national debt is like taking out a loan and/or running up credit card balances.
Commenting by HaloScan
