Dívida pública americana

I agree with much of your “Not a Going Rate” article, but the $20 trillion debt figure is very misleading. Over $4 trillion is in the lock box that never existed. The US tripled payroll taxes in the mid 1980s in order to generate — at the time — over $200 million in surplus tax revenue that was, of course, spent on other parts of the federal budget. Those surpluses gradually shrunk to the point where there were no more, and now the US government borrows to fund both Social Security and Medicare. The $4 trillion (that we borrowed from ourselves) does not really exist, only the future obligations for these plans. There are also $2.5 trillion of US Treasury securities that have been purchased by

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