Comments on: The big cliff that Nate Silver didn’t see http://blogs.reuters.com/muniland/2013/01/25/the-big-cliff-that-nate-silver-didnt-see/ Bridges, budgets, bonds Mon, 24 Nov 2014 00:29:08 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: FedAcctnt http://blogs.reuters.com/muniland/2013/01/25/the-big-cliff-that-nate-silver-didnt-see/comment-page-1/#comment-2198 Mon, 28 Jan 2013 19:58:38 +0000 http://blogs.reuters.com/muniland/?p=12328#comment-2198 Dog Fase – Intragovernmental debt are amounts typically owed between agencies. So, if an agency owes another agency say $1.5 Billion and it doesn’t pay-up, Congress will have to appropriate monies (which it will do in any case even if the monies are paid) so this appropriation would bear or incur a fair-share of interest. Now, if the General Fund owes Social Security money and interest accrues, why wouldn’t this interest be relevant?

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By: DogFase http://blogs.reuters.com/muniland/2013/01/25/the-big-cliff-that-nate-silver-didnt-see/comment-page-1/#comment-2192 Sun, 27 Jan 2013 12:10:01 +0000 http://blogs.reuters.com/muniland/?p=12328#comment-2192 Intragovernmental debt isn’t really like a credit card where the interest gets added to the balance. It’s more like a loan you owe to yourself. If you pay yourself interest, is that really an expense? If you recognize the interest paid as an expense, don’t you also have to recognize the interest earned as income?

The trust funds for Social Security and other programs are an accounting gimic and can be reasonably ignored for the purpose of tallying the government’s debt. What matters is “Debt Held by the Public.”

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By: DavidTr http://blogs.reuters.com/muniland/2013/01/25/the-big-cliff-that-nate-silver-didnt-see/comment-page-1/#comment-2191 Sat, 26 Jan 2013 23:05:19 +0000 http://blogs.reuters.com/muniland/?p=12328#comment-2191 Ms. Long,
I very much enjoy your posts on issues related to muni bonds. I know that you are a moderate voice, and I hope that you reach an increasingly wide audience. Keep it coming.
David

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