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Old 02-02-2010, 10:39 PM  
onwebcam
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Originally Posted by The Demon View Post
Actually dude, that's not entirely accurate. The national debt far exceeds the amount of dollars in circulation, that is if we also count medicare/medicaid/social security, etc.. And i'm not sure that's counting the treasury securities that are held in foreign vaults.
Medicaid, etc are entitlements and debt owed by the US government. The actual dollars in circulation is directly tied to outstanding public debt (roughly $12.5 trillion) Treasury bonds are what creates those dollars.
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Last edited by onwebcam; 02-02-2010 at 10:50 PM..
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