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View Diary: Hell, No! Social Security Contributes Nothing To Deficit (119 comments)

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  •  Average rate on existing treasuries (0+ / 0-)

    March 2013

    You ask "correct or incorrect" as to 0.25%

    Those crazy guys at Treasury put it at 2.7%

    Or right in line with your "interesting" 3%. Now you may actually be talking 'real interest' rate, that is ex inflation, or you might be talking about effective rates given elevated prices for existing Treasuries in the bond markets and so there still may be a path towards "correct". But it is almost impossible to make that match up with the language in your opening paragraph whicH suggests that face yields on the portfolio have over the last four years trended down to 0.25% on average. Per the link this is off by 10X.

    I am willing to work with you here because we seem to be on the same sides of the economic justice barricades. But your deployment of numbers is making this hard. At the granular level you are asking for.

    SocSec dot.Defender at - founder DK Social Security Defenders Group

    by Bruce Webb on Tue Apr 09, 2013 at 09:46:20 PM PDT

    [ Parent ]

    •  I looked again (1+ / 0-)
      Recommended by:
      Bruce Webb

      Decimal point problem. I looked at the consolidated debt and it comes to 2.5% ( estimated) instead of 0.25 as I Mistakenly said before.

      I also looked at the entire consolidated public and intragovernmental debt instead of just the public debt and the total amount of interest paid on it. I'm also using old numbers.

      My mistake

      “ Success has a great tendency to conceal and throw a veil over the evil of men. ” — Demosthenes

      by Dburn on Wed Apr 10, 2013 at 08:15:46 AM PDT

      [ Parent ]

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