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Politics : Mainstream Politics and Economics
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To: Sdgla who wrote (38318)2/1/2013 1:00:48 PM
From: research1234  Read Replies (2) of 85487
 
The unfunded US Government liabilities that deficit scolds use to try to scare the country into massive reductions in government expenditures are in fact absurd fictions, because this measure only included liabilities, and ignores assets. In the case of the US government, assets must include the present value of future tax revenues which will be paid when the future liabilities will become due.
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