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Originally Posted by sgtclub
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So, everyone expects SS to sell the bonds on the open market? Assuming that these have higher coupons than the current-issue bonds, doesn't that mess with our current year general fund debt issuance?
Also, note that the $14T does *not* include the $5T+ of mortgage debt held by GSEs which ain't worth anything close to that. There's genuine potential of that being a backdoor $1T plus in additional federal debt.
