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

To: GraceZ who wrote (46569)	12/4/2005 12:56:16 PM
From: CalculatedRisk	Read Replies (2) \| Respond to of 110194

Yes, Hubbard was unaware of the size of the debt and the size of the estimated future SS liability. The National Debt is $8.1 Trillion. I understand how the Intragovernmental Holdings work. But when someone uses the phrase "National Debt" that has a specific meaning. The Boomers prepaid their SS ... but some people think this was just another General Fund tax. Personally I think those people should at least be tarred and feathered ... The estimated SS liability is $3.7 Trillion, not $11 Trillion. Even the $3.7 Trillion number is probably overly pessimistic (Like all the SS estimates in the past). The $11 Trillion number is a lie and has been proven false (repeatedly). Yes, Hubbard is either incompetent or a liar.