Author Topic: Government Day-to-Day  (Read 13996 times)

0 Members and 0 Guests are viewing this topic.

Offline wilber

  • Moderator
  • Full Member
  • *****
  • Posts: 7476
Re: Government Day-to-Day
« Reply #15 on: December 16, 2019, 08:21:49 pm »
It's more properly known as the "contingency/emergency fund" which is where ~2/3rds of the funds came from, the rest from selling GM shares, and at a loss of course, to finally try and show a surplus after all those deficits.

When you are carrying debt and running deficits there is no such thing as a rainy day fund, only borrowed money you haven't spent yet.
"Never trust a man without a single redeeming vice" WSC