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How Much Money is in the Social Security Trust Fund?

Official National Debt Balance According to the Treasury Department, the current Total National Debt is $11.1 Trillion. As of 04/03/2009, Treasury breaks down the debt as follows: Debt Held by the Public: $6.868 Trillion Intragovernmental Holdings: $4.278 Trillion The...
The National Balance Sheet of the United States

The National Balance Sheet of the United States

Is the United States Broke? Not Even Close. With all the hand wringing going on over the housing and financial crisis I decided to see if I could put some of the massive numbers being thrown about in a little bit of perspective. Asset or Liability Timeframe Amount...

Thoughts on Obama’s Plan for Social Security Reform

I’ve contemplated Barack Obama’s plan to reform Social Security for long enough. I have only one question: why am I going to be disadvantaged just because I’m young? Obama’s plan to address the coming Social Security funding gap does not call...