America's debt-to-GDP ratio isn't as bad as its citizens' (user search)
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  America's debt-to-GDP ratio isn't as bad as its citizens' (search mode)
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Author Topic: America's debt-to-GDP ratio isn't as bad as its citizens'  (Read 2562 times)
memphis
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« on: January 16, 2013, 12:07:57 PM »
Quote from: shua on January 15, 2013, 11:04:51 PM
If you include entitlement and trust fund obligations, that number is just above 100%.
The trust funds are equally credits and liabilities that cancel each other out.
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memphis
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« Reply #1 on: January 18, 2013, 02:07:11 AM »
Quote from: shua on January 16, 2013, 08:10:38 PM
Quote from: memphis on January 16, 2013, 12:07:57 PM
Quote from: shua on January 15, 2013, 11:04:51 PM
If you include entitlement and trust fund obligations, that number is just above 100%.
The trust funds are equally credits and liabilities that cancel each other out.

What do you mean? 
What I mean is that the SS trust fund is money the federal government owes itself. I wouldn't count that as debt. If your point is that SS has demographic issues going forward (and it does), that's a different issue than what debt we already have on the books right now.
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