“A budget deficit is like sin. To most of the public it is morally wrong, very difficult to avoid, not always easy to identify, and susceptible to considerable bias in measurement” (Eisner, 1984).
United States: Influences on Federal Net Worth
(In billions of current U.S. dollars)
|1.||NIPA balance 1/||-16.1||-61.3|
|2.||Change in value of federal land||+17.2||+36.9|
|3.||Change in value of oil and gas rights||+93.8||+208.8|
|4.||Augmented balance (lines 1 + 2 + 3) 2/||+94.9||+184.4|
Federal Government receipts less expenditures on a National Income and Product Accounts basis.
Line 4 is illustrative only; it has not been checked for inconsistencies in definition.