Replies

Uncle Sam, our deadbeat uncle.

1 posted on 10/05/2013 3:14:42 PM PDT by whitedog57

To: whitedog57

Currently, Uncle Sam has public debt equal to 100.46% of GDP. That is, negative equity.

GDP is income. The correct comparison is to a guy making 30 grand per year having a 30 grand mortgage.

2 posted on 10/05/2013 3:24:41 PM PDT by Zhang Fei (Let us pray that peace be now restored to the world and that God will preserve it always.)

To: whitedog57

Instead of being 110% LTV like some borrowers, Uncle Sam is at 446% LTV!

You're using LTV wrong.

4 posted on 10/13/2013 4:52:29 PM PDT by Toddsterpatriot (Science is hard. Harder if you're stupid.)

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