The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: GraceZ who wrote (234033)	12/22/2009 5:57:39 PM
From: Skeeter Bug	Read Replies (3) of 306849

the debts owed by americans EXCEED the value of all their assets (in aggregate, we have a negative net worth - yes, america!). once you add up all the government obligations, every household in america owes over $1.25 million. from: counterpunch.org Several years ago United States Comptroller General David Walker informed Congress and the White House that the accrued liabilities of the US government exceeded the ability to pay. Yet, “our” leaders ignored the Comptroller General and rushed headlong to add more trillions of dollars to federal liabilities. In effect, the United States is bankrupt at this present moment. According to generally accepted accounting principles, the federal government has a negative net worth of $59.3 trillion. Who is going to lend to a bankrupt government roberts was assistant treasury secretary under reagan. yes, the system was designed to bankrupt america and give bankers a recurring piece of every dollar created to run the economy. and their cronies call themselves president and congress person.

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