Look, son, I am neither young nor naive. The current deficit is $600B. As I stated, it will go higher, in the future, and part of that will be cashing in SSA's special T-bills (accumulated when FICA taxes were in excess of benefits paid and the excess went into the general fund and special T-bills were issued by Treasury to SSA) at an increasing rate. But, that "cashing in" (which may result in new debt) is accounted for in the year it happens. The current value of the special T-bills is $2.6T+ and represents potential future deficits as they are cashed in each year to pay benefits. The current deficit is as I stated. The total cost of future liabilities is a big number but that is a different discussion than the current deficit. Stay on point. BTW, your comment about Obama and the Fed makes no sense. Try to stick with facts and be specific.