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Pastimes : Ask Mohan about the Market
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To: tekgk who wrote (13616)1/30/1998 1:20:00 PM
From: Zeev Hed  Read Replies (1) of 18056
 
Tek, you are right, I did not take into account that part of the interest on the national debt that is being taken out. So let us try and see how much is taken out. I would say that no more than 10,000,000 retirees actually live off such interest and would also take $15,000 per year as the average interest taken out (that would mean about $300,000 each in fed money), tha come out to about $150,000,000 which still leaves more than $20 Billions in "shortages".

Zeev
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