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Politics : Formerly About Advanced Micro Devices
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To: bentway who wrote (751463)11/6/2013 1:19:45 PM
From: i-node2 Recommendations

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>> The US Balance Sheet Is Just Fine: Misleading To Say US Is “$16 trillion in the hole.” Cullen Roche explains why it is misleading to say that the US is “$16 trillion in the hole.”

Ignorant.

We're not talking about 16 Trillion in debt. More like 116 Trillion.

More importantly, the report on which this fool's article was based accounted for assets, including petroleum, not at its Net Realizable Value but at its gross value (e.g., assuming $100/bbl for oil) and gives no account to the cost of recoverability.
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