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	<title>
	Comments on: Treasury &#8211; An additional $2,000,000,000,000 in debt needed for the federal government to make it to 2013	</title>
	<atom:link href="https://norunnyeggs.com/2011/05/treasury-an-additional-2000000000000-in-debt-needed-for-the-federal-government-to-make-it-to-2013/feed/" rel="self" type="application/rss+xml" />
	<link>https://norunnyeggs.com/2011/05/treasury-an-additional-2000000000000-in-debt-needed-for-the-federal-government-to-make-it-to-2013/</link>
	<description>The repository of one hard-boiled egg from the south suburbs of Milwaukee, Wisconsin (and the occassional guest-blogger).  The ramblings within may or may not offend, shock and awe you, but they are what I (or my guest-bloggers) think.</description>
	<lastBuildDate>Wed, 11 May 2011 17:28:40 +0000</lastBuildDate>
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		<title>
		By: Davis		</title>
		<link>https://norunnyeggs.com/2011/05/treasury-an-additional-2000000000000-in-debt-needed-for-the-federal-government-to-make-it-to-2013/comment-page-1/#comment-39459</link>

		<dc:creator><![CDATA[Davis]]></dc:creator>
		<pubDate>Wed, 11 May 2011 17:28:40 +0000</pubDate>
		<guid isPermaLink="false">https://norunnyeggs.com/?p=10817#comment-39459</guid>

					<description><![CDATA[Well so what&#039;s another Trillion or two.

http://theeveningchronicle.blogspot.com/2011/05/so-whats-another-trillion-or-two.html]]></description>
			<content:encoded><![CDATA[<p>Well so what&#8217;s another Trillion or two.</p>
<p><a href="http://theeveningchronicle.blogspot.com/2011/05/so-whats-another-trillion-or-two.html" rel="nofollow ugc">http://theeveningchronicle.blogspot.com/2011/05/so-whats-another-trillion-or-two.html</a></p>
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		<title>
		By: Country Thinker		</title>
		<link>https://norunnyeggs.com/2011/05/treasury-an-additional-2000000000000-in-debt-needed-for-the-federal-government-to-make-it-to-2013/comment-page-1/#comment-39431</link>

		<dc:creator><![CDATA[Country Thinker]]></dc:creator>
		<pubDate>Thu, 05 May 2011 16:23:31 +0000</pubDate>
		<guid isPermaLink="false">https://norunnyeggs.com/?p=10817#comment-39431</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://norunnyeggs.com/2011/05/treasury-an-additional-2000000000000-in-debt-needed-for-the-federal-government-to-make-it-to-2013/comment-page-1/#comment-39429&quot;&gt;steveegg&lt;/a&gt;.

I fully understand that, and the payroll tax holiday is speeding up the pace. You illustrate my point perfectly, because even if we hit the debt ceiling we will continue to issue debt as intragovernmental debt is converted. That&#039;s why I think using the gross national debt figure is a sham because we can still issue debt without increasing the national debt (that&#039;s just bizarre by Main Street standards).]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://norunnyeggs.com/2011/05/treasury-an-additional-2000000000000-in-debt-needed-for-the-federal-government-to-make-it-to-2013/comment-page-1/#comment-39429">steveegg</a>.</p>
<p>I fully understand that, and the payroll tax holiday is speeding up the pace. You illustrate my point perfectly, because even if we hit the debt ceiling we will continue to issue debt as intragovernmental debt is converted. That&#8217;s why I think using the gross national debt figure is a sham because we can still issue debt without increasing the national debt (that&#8217;s just bizarre by Main Street standards).</p>
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		<title>
		By: steveegg		</title>
		<link>https://norunnyeggs.com/2011/05/treasury-an-additional-2000000000000-in-debt-needed-for-the-federal-government-to-make-it-to-2013/comment-page-1/#comment-39429</link>

		<dc:creator><![CDATA[steveegg]]></dc:creator>
		<pubDate>Thu, 05 May 2011 11:56:13 +0000</pubDate>
		<guid isPermaLink="false">https://norunnyeggs.com/?p=10817#comment-39429</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://norunnyeggs.com/2011/05/treasury-an-additional-2000000000000-in-debt-needed-for-the-federal-government-to-make-it-to-2013/comment-page-1/#comment-39427&quot;&gt;Country Thinker&lt;/a&gt;.

There&#039;s a slight problem with your proposal - that intragovernmental debt is already beginning to be converted to publicly-held debt.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://norunnyeggs.com/2011/05/treasury-an-additional-2000000000000-in-debt-needed-for-the-federal-government-to-make-it-to-2013/comment-page-1/#comment-39427">Country Thinker</a>.</p>
<p>There&#8217;s a slight problem with your proposal &#8211; that intragovernmental debt is already beginning to be converted to publicly-held debt.</p>
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		<title>
		By: Country Thinker		</title>
		<link>https://norunnyeggs.com/2011/05/treasury-an-additional-2000000000000-in-debt-needed-for-the-federal-government-to-make-it-to-2013/comment-page-1/#comment-39427</link>

		<dc:creator><![CDATA[Country Thinker]]></dc:creator>
		<pubDate>Thu, 05 May 2011 03:42:28 +0000</pubDate>
		<guid isPermaLink="false">https://norunnyeggs.com/?p=10817#comment-39427</guid>

					<description><![CDATA[To show what an armchair budget-geek I am, let me tell you why the underlying factual premise of this piece is false.

The debt ceiling is $14.3t. The gross national debt is approaching that figure. The gross naional debt has both real, publicly-held debt, and phony paper &quot;intragovernmental&quot; debt such as the SS trust fund.

Re-write budget accounting rules so that only true debt counts toward the ceiling, and we can rack up another $4t!]]></description>
			<content:encoded><![CDATA[<p>To show what an armchair budget-geek I am, let me tell you why the underlying factual premise of this piece is false.</p>
<p>The debt ceiling is $14.3t. The gross national debt is approaching that figure. The gross naional debt has both real, publicly-held debt, and phony paper &#8220;intragovernmental&#8221; debt such as the SS trust fund.</p>
<p>Re-write budget accounting rules so that only true debt counts toward the ceiling, and we can rack up another $4t!</p>
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