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Politics : Formerly About Advanced Micro Devices

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To: Road Walker who wrote (212654)	12/4/2004 4:54:15 PM
From: i-node	Read Replies (1) of 1573122

>> The federal government is "technically insolvent" It certainly is NOT. Technical insolvency occurs when an entity's liabilities (booked, or unbooked) exceed the FMV of its assets. This is the case with SS, but not with the United States. Many, many healthy companies are "technically insolvent". I don't know about "many" but some are. However, it is important to look at the nature of the entity to determine what, exactly, this means. An entity that holds substantially appreciated assets can be technically insolvent but still wealthy. A FINANCIAL ENTITY (e.g., Social Security) that is technically insolvent has a major problem. Because if it can't grow the financial assets at a rate faster than it spends, it ultimately will be "totally insolvent" (as opposed to technical insolvency). I would encourage you to study up on this subject. It does affect your future and that of any offspring you may have.

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