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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (31026)3/16/2008 3:59:59 PM
From: KyrosL  Respond to of 219928
 
How soon people forget the surpluses as far as the eye can see that threatened to make Treasury securities extinct. We can get them back by simply revoking Bush's tax cuts and introducing a modest gasoline tax. All the purported trillions of SS "debt" then magically disappear <g>



To: energyplay who wrote (31026)3/16/2008 6:24:10 PM
From: carranza2  Respond to of 219928
 
Big difference:

J6P owing 240K on mortgage can sell or rent and is much more flexible concerning his debt than the US is as a whole.

You don't seriously contend that SS obligations will wither away, do you?

Or the drug benefit?

Or all the obligations we have to veterans returning injured from Iraq?

I'll grant you, these other debts are difficult to quantify. But to suggest, as Wikipedia does, that the per capita debt is 74K is a bit unrealistic.


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