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To: hubbubhubbub
Last time I checked Net Worth was Assets less Liabilities.

Correct!!

We are the largest debtor nation in the history of the planet.

Correct again!!

Our liabilities are 10 times our annual GDP.

Huh? Annual GDP is about $12 trillion. Where have you seen our liabilities are $120 trillion?

370 posted on 06/09/2005 11:51:19 AM PDT by Toddsterpatriot (If you agree with Marx, the AFL-CIO and E.P.I. please stop calling yourself a conservative!!)
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To: Toddsterpatriot

Sorry, I mis-stated. Liabilities are 8 times GDP. GDP is $10T not $12T. Liabilities (not current deficit) are $80T.

BTW, Where have you seen Net Worth at record levels?


374 posted on 06/09/2005 12:13:15 PM PDT by hubbubhubbub
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