10 yrs ago, then Pres. Bush said that the need to borrow did not mean we were going from a surplus to a deficit. Really?

I think those rebate checks that Bush sent out went to just about everyone, not 'the rich'. I thought everybody got a check for a few hundred dollars. They don't have to borrow money for a tax cut.

But, if half of the population pays no taxes and you send a check to everyone, you are going to be borrowing some money from somewhere. I think they purposely excluded those checks from the wealthy. It would be nice if people could talk about this issue from the different sides and use the same terminology and definitions of said terminology to try to communicate.

The people on the left seem to have many Americans under the impression that the government is always sending big fat treasury checks to rich people all of the time. That is not what is happening. If they had actually given me a tax cut every time a democrat whined about tax cuts I would not be paying the same tax rate I payed a decade ago.

At some point the rate is just the rate. And I think that technically Bush's statement is true. The need to borrow does not mean you are going from surplus to deficit.

The surplus/deficit issue is about the tally of the monthly, quarterly, annual balance sheet. Borrowing is a function of operations. Many companies borrow many dollars and still seem to make a profit (surplus).

Some companies are able to do it regularly. It would be cool if we could elect people to run the country that know how to work this game. @Lono 50 months ago.