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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Hawkmoon who wrote (113360)3/30/2008 11:03:51 AM
From: Les HRead Replies (2) of 306849
 
"FURTHERMORE, the SOCIAL Security SURPLUS is INCREASING THE NATIONAL DEBT. I'm sure you didn't know that when the government collects more FICA tax revenues (SOCIAL security surplus revenue), T-bonds are placed in the SSTF account WHICH INCREASES THE NATIONAL DEBT (intragovernmental holdings. The money is then applied to the general federal budget to be spent."

Actually, most of the annual increase in intragovernmental holdings is now attributable to the interest payments from the government to the trust funds. The operating surplus from Social Security barely covers 10 percent of the increase in the national debt YTD. Bush and Congress have already run up the national debt by another 400 billion at mid-year.

treasurydirect.gov
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