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Non-Tech : Let's end the national debt.
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To: Gersh Avery who wrote (85)7/28/1999 1:40:00 PM
From: Zeev Hed  Read Replies (2) of 109
 
Gersh, these figures confuse me as well, and both the Republican and Democrats are saying there is a surplus (even Greenspan is talking about a surplus), so how come the actual count of "treasuries outstanding" increases. I remember reading somewhere (sometime, ago) that the excess in Social security collected (above its outlays) is "invested" in treasuries, is that so and could that be the reason that the "surplus" is not reflected in the debt figures? I do not understand that math either, because if that was the case, the left hand of the government (non S.S. expenditures) would receive from the right hand those funds, and thus not have to borrow. Can someone explain to me where has the surplus money gone?

Zeev
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