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[Cletus Miller]

Originally Posted by Mmmm, Burger (C.J.)

I guess it depends on what "off books" means. The deficit figures commonly cited include the surplus revenue from social security, which makes the deficit seem smaller than it "actually" is (i.e., non-SS government spending is even more in deficit compared to non-SS revenue). Is that on book or off book?

I think that is "off book" in an annual P&L conceptual sense, but it's clearly "on book" in an aggregate assets and liabilities sense. So we're both right!