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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Wharf Rat who wrote (1050946)1/27/2018 10:45:59 AM
From: locogringo1 Recommendation

Recommended By
FJB

  Read Replies (1) | Respond to of 1577905
 
Every payday, 1,281,900 servicemembers in all these places get paid.

They didn't get paid for 3 days last week thanks to Shifty Shutdown Schumer, but the freeloaders got their money, and the seniors got their money and the politicians got paid. Something wrong there, comrade, doncha agree?



To: Wharf Rat who wrote (1050946)1/27/2018 10:55:46 AM
From: RetiredNow  Read Replies (1) | Respond to of 1577905
 
Your Post:
The richest country in the history of the known universe is not broke.
Your mistake is thinking that the ability to borrow or print money is the same thing as wealth. That's not true. Net Worth and a stable currency determines true wealth and the ability to sustain your standard of living. Poverty is expanding at an alarming rate in the US. I wonder why? Here's some data for you:

US Liabilities:
US Debt = $20.4 Trillion
US Domestic Debt = $49 Trillion
Unfunded US Entitlement Liabilities = $210 Trillion
Total Liabilities = $279 Trillion

US Assets:
US Household Wealth = $95 Trillion
US Corporate Net Worth (Assets - Liabilities) = $24 Trillion
Total Assets = $119 Trillion

Total US Assets - Liabilities = Negative $160 Trillion

ERGO: Since the US has a negative net worth, the US is Bankrupt. And don't tell me that we can just sell our land to foreigners to make up the difference. That's the definition of bankruptcy...liquidation as a remedy to indebtedness.