I know how it is done and will give you the answer after feedback, I bet no one knows!
2007-01-24 07:20:22 · 4 answers · asked by tbird 3 in Politics & Government ➔ Government
The best way to measure it for comparative purposes is as a percentage of GDP - raw numbers aren't very helpful.
2007-01-24 07:28:27 · answer #1 · answered by American citizen and taxpayer 7 · 0⤊ 0⤋
The government does not have to follow standard accounting methods and accrue liabilities, etc. They use a very simple formula and that is the amount of money taken less the amount spent=deficit or surplus.
2007-01-24 07:30:52 · answer #2 · answered by beiconsult 2 · 1⤊ 0⤋
No but someone needs to enlighten George Bush. He seems to think we can carry double this amount of debt.
2007-01-24 07:41:39 · answer #3 · answered by Lou 6 · 0⤊ 1⤋
Simple, the ammount of money it takes in - ammount of money our gov't spends = +suprlus or -deficit.
2007-01-24 07:25:50 · answer #4 · answered by Anonymous · 1⤊ 1⤋