Sunday, August 21, 2011

The US Deficit In One Picture



I like this graphic for several reasons, but especially because it puts everything in proportion with regard to the US' current obligations.

One thing I would like to highlight is the large surplus funds in the Social Security Trust and others.  These were 'invested' in a special type of intra-governmental Treasury note.

These funds are not 'gone' anymore than a Treasury bond is 'gone.' It

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