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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Stan who wrote (749721)	9/20/2006 10:59:22 PM
From: pompsander	Read Replies (2) \| Respond to of 769670

"Household net worth is over 50 trillion. That makes the national debt either 17% or 8 1/2% of net worth (approximately), depending on your preference." Are these percentages larger or smaller than 1999? We have had growth in net worth (caused somewhat by home values instead of stock values), but I don't know if the bubble of 2000 made us look richer then than now.

To: Stan who wrote (749721)	9/21/2006 12:46:01 PM
From: DuckTapeSunroof	Read Replies (2) \| Respond to of 769670

"Half of that 8 trillion includes intra-government debt, such as what is owed to Social Security or to civil pensions." True, these are largely 'unfunded obligations'. But they are either 'real debts' or they are NOT and the promises lies. YOU decide which... and then tell the public. (PS --- why would ONE unfunded government obligation... say, Social Security obligations... be any less a legal obligation then, say, repayment of Treasury obligations?)