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To: blondee123
There are people who think seizing accounts is the only way to raise money.

The USA, however, has sufficient assets to cover all of its debts and future expenses for the next century.

8 posted on 09/07/2012 11:12:39 AM PDT by muawiyah
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To: muawiyah

No. We don’t.


24 posted on 09/07/2012 11:35:39 AM PDT by Lazamataz (Communist Party = Democrats. Socialist Party = Republicans. WE NEED A CAPITALIST FREEDOM PARTY!)
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To: muawiyah

As I understand it, our total worth in the middle of the last decade was about $43 trillion, while our estimated debt is about $222 trillion, when unfunded liabilities are factored in, so no, we do NOT have enough assets to cover our debts, as far as I know, unless you’re counting the natural resources that the environMENTALists are refusing to let us exploit. Then, maybe so, but I doubt it.


58 posted on 09/07/2012 12:41:14 PM PDT by Tolerance Sucks Rocks (Obama should change his campaign slogan to "Yes, we am!" Sounds as stupid as his administration is.)
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