Pop Quiz

May 16, 2013 08:53

Feels like summer. School’s almost out. In honor of those clement facts here’s the money pop quiz, to see if you were paying attention last year.

T/F 1) The federal government spends borrowed money.

T/F 2) The federal government spends tax collections.

T/F 3) The federal government tax surplus, if any, is savings that is available to spend

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carol_da_queen May 20 2013, 04:27:54 UTC
no no and no?

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sageofthpalouse May 21 2013, 04:45:47 UTC
You are correct!

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sageofthpalouse May 20 2013, 05:46:44 UTC
Dear Carol -- all correct, 100%! Leaving your reply screened for the time being, in case anyone else wants to spin the wheel of fortune and venture some answers. I had some email about it too. Best wishes -- DP

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