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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: CalculatedRisk who wrote (46533)	12/4/2005 1:06:10 AM
From: Broken_Clock	Respond to of 110194

CR <<Hubbard can't be this stupid ... I think he is just a liar.>> I do believe you've become a tad jaded. Therefore, you've been selected to appear on the new reality TV show sponsored by the Ministry of Truth. Selected contestants vie with each other to be the only contestant NOT sent on an all expenses paid one way trip to lovely Guantanamo Bay.

To: CalculatedRisk who wrote (46533)	12/4/2005 12:16:38 PM
From: GraceZ	Read Replies (1) \| Respond to of 110194

The 8 trillion total debt figure includes about 3 trillion in $ owed to SS, the special bonds issued to the trust funds in exchange for using the surplus in the general fund. The unfunded liabilities that Hubbard mentions are a best guess projection of what SS will have to pay out with current assumptions above what it will take in under current assumptions. The SS bonds are added to the total debt figure every year. This is why even with a budget surplus back in the second Clinton term we had a rising national debt.