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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Hawkmoon who wrote (85586)8/28/2007 12:48:27 AM
From: rich evans  Read Replies (2) of 110194
 
Actually these statistics include the social security notes held in the social security so called trust fund. This debt is intrinsic in that US owes it to itself. The Feds including Bernanke on his last speech on this subject and others in their speeches about the Fed Debt only include extrinsic debt owed to outside parties or governments. This is about 1/2 of the debt used in these statistics. So instead of owing 86cents per dollar of GDP, the true figure is 43 cents and that puts us like New Zealand about 108 on the list.
Rich
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