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**ManHolDenPoker** · 08-12-2006, 12:07 AM

Originally posted by Garth Vader
Is somebody confused about the difference between deficit and debt?

Interesting point....

Checking Websters, a "deficit" is "an excess of liabilities over assets, of losses over profits, or of expenditures over income."

Using the first example, liablities over assets, the deficit in increasing.

Using the third example, expenditures over income, the deficit is shinking.

08-12-2006, 12:07 AM	#16
ManHolDenPoker Join Date Oct 2005 Posts 454 Senior Member	Originally posted by Garth Vader Is somebody confused about the difference between deficit and debt? Interesting point.... Checking Websters, a "deficit" is "an excess of liabilities over assets, of losses over profits, or of expenditures over income." Using the first example, liablities over assets, the deficit in increasing. Using the third example, expenditures over income, the deficit is shinking.
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