11-15-2019, 08:29 PM
(11-15-2019, 12:32 PM)Crazyjdawg Wrote: I just don't know what the difference between an annual deficit and an annual increase of the debt is. I'm sure there's some calculation with variables that are included in one but not the other. I dunno.
The deficit is simply the difference between the revenues and expenditures of the federal government. The annual debt is also increased by things such as valuation changes and interest charges on debt, among other things, that are not directly tied to the deficit. A deficit increase is the difference in one FY deficit and another.
CY Deficit - PY Deficit = Deficit Increase
CY Deficit + Interest on debt + currency valuation changes + miscellany = CY Debt Increase
"A great democracy has got to be progressive, or it will soon cease to be either great or a democracy..." - TR
"The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little." - FDR
"The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little." - FDR
