Originally posted by Motorcity Cobra
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You're the epitome of a gruber.
The fact is they achieved that supposed surplus via the use of "unfunded liabilities".
What are "unfunded liabilities" you ask?
That when the Government makes a budget and simply doesnt fund things they are responsible for funding. Pension funds are a popular one. Of course there are other ways.
In layman's terms, it means you dont pay a bill and say you will pay it at a later date, and then you remove that liability from your current budget.
It's like if Steve looks at his monthly budget and sees a $300 deficit. So Steve says he wont make his $500 Mustang payment this month, but will pay it at a later date.
Did Steve have a $200 budget surplus?
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