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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Haim R. Branisteanu who wrote (25264)	1/25/2005 10:04:12 PM
From: regli	Read Replies (1) of 110194

Haim, there is no way that 11 trillion cover medicare and social security obligations. The fact is that even the deficits as presented to the public are not anywhere near reflective of reality. "U.S. Treasury Shows Actual 2003 Federal Deficit at $3.7 Trillion" prudentbear.com fms.treas.gov If social security, medicare and other future obligations are included we are at least $53 trillion. usatoday.com "But these figures, worrisome enough, are deceptive because they ignore future liabilities such as Social Security and Medicare payments to the Baby Boomers. An array of government and private analysts put the actual U.S. "fiscal gap," which means all future receipts minus all future obligations, at $40 trillion (Government Accountability Office) to $72 trillion (Social Security Board of Trustees). " sfgate.com

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