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View Diary: US Budget Overview Part II - Let's Get Some Numbers On! (38 comments)

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  •  Sorry for the confusion... (1+ / 0-)
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    This old man

    I am saying their are two forms of treasuries issued.
    One on the open market for anyone to buy and subsequently sell to anyone else. The others are private that are only for inter govt use (SS, defense, etc...).

    Both are fully accounted for in the budget and the Debt. Interest is calculated the same on both.

    I think this is a good thing because we don't want these private Govt. funds to end up in one entities hands...

    Your scenario is correct
    If the trust funds burnt them, our Debt would go down by that amount and our yearly interest payments (currently at 230B) would also decrease.

    Cheers

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