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Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?

To: tekgk who wrote (1755)12/4/1997 11:10:00 PM
From: Stingray  Respond to of 5676
 
> the Treasury debt just keeps climbing at 2-4 times the pace of the official budget deficit touted by the president and/or the Congress in the press.

The more I think about this the less sense it makes. I had written a response theorizing that the surplus in Social Security at present had the effect of reducing the defecit but that would also reduce the national debt, unless the trust fund is a real life account full of long term Treasury bonds. This has aroused my curiosity and I may have to do some research here. I've been trying to find some page which would tell me the size of the Social Security trust fund and what relation if any it has to the defecit and the national debt, but have not yet found one. I'll keep you posted if I come up with any clues to this mystery.



To: tekgk who wrote (1755)12/4/1997 11:32:00 PM
From: Stingray  Read Replies (1) | Respond to of 5676
 
I found a site that has information on Social Security. At the end of 1996 there was 499 Billion in the trust fund. At the end of 1997 there is estimated to be 564 Billion. I still don't know where the extra 65 Billion shows up on the U.S. governments balance sheet though.

ssa.gov


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