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Politics : Formerly About Advanced Micro Devices
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To: combjelly who wrote (214953)1/15/2005 11:56:05 AM
From: RetiredNow  Read Replies (1) of 1573984
 
Bankruptcy doesn't mean that cash inflows end. Bankruptcy means that liabilities exceed assets. I think all of you need to take a primer on legal terms. How do you think all those corporations go into bankruptcy and then emerge from it? It's because they have cashflows, but their structure is not efficient so outflows exceed inflows. When they go through bankruptcy, they restructure in order to ensure sustainability of operations...in other words, to ensure inflows meet or exceed outflows.

Social security is going to have to do the same thing. So bankruptcy is the perfect and most accurate term for this situation.
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