Archive for April 10th, 2014

Confusing Deficits with Surpluses and Train Wrecks


Thursday April 10th, 2014   •   Posted by Craig Eyermann at 6:25am PST   •   0 Comments

When politicians start confusing deficits for “surpluses”, can a train wreck be far behind? Before we go any further, for the sake of avoiding any confusion, let’s define exactly what a deficit is. A deficit is the amount by which cash expenses exceed cash income or revenue. That makes a deficit the exact opposite...
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