Rasputin_Vol
"Slava Ukraina"
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- Aug 14, 2007
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Most of that 19.9 trillion is owed to the Social Security fund.
Not true. Social Security and other future liabilities and obligations like Medicare/Medicaid and other entitlements are estimated to be in the $100-150 trillion range IN ADDITION TO the $19 trillion.
The $19 trillion represents the summation of deficit spending each year and money printing we've done. You've got $12-15 trillion of US treasuries and notes that are outside of the US. If those US treasuries and notes ever come back home after some major loss of confidence, then you will see runaway hyperinflation here at home.