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View Diary: Guess Who’s America’s Largest Creditor (Hint: It’s NOT China) (160 comments)

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  •  Yes as a secondary metric (1+ / 0-)
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    Mother Shipper

    Check the table again:

    Does 'Total' 'Revenue' (Column 2) include Interest?
    Yes it does.
    Does 'Net increase during the Year' (Column 11) in turn simply sum 'Total Revenue' (including interest) and 'Cost'.
    Well yes it does
    How about 'Amount at End of Year' and 'Trust Fund Ratio'?
    Yeah, it just follows through from 2 through 11 to 12 and 13.

    Plus is that interest included in the ONLY 'federal budget deficit' number typically reported by the MSM (e.g. $680 billion for FY2012)? Well yes it is.

    I am fully aware that the Trustees use 'non-interest income' as a "meaningful concept" and indeed have entire Tables that use it exclusively. Just as CBO has the essentially identical concept of 'primary deficit/surplus' in their reporting.

    But in neither case is that used for the top-line numbers. Those always include that Interest as Revenue.

    SocSec dot.Defender at - founder DK Social Security Defenders Group

    by Bruce Webb on Mon May 26, 2014 at 12:20:43 PM PDT

    [ Parent ]

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