Replies

On any balance sheet, you have assets and debts. Here you are only presenting the debt side. To be fair, please list the assets of the Federal Government and then deduct the debt from the assets to give us a better picture.

After all, if every man, woman and child is responsible for the debt, then we are equally entitled to any assets.

Unless your purpose is to present a fact out of context for whatever purpose you may have.

if every man, woman and child is responsible for the debt, then we are equally entitled to any assets.

You know it and I know it, and IMHO Drobot knows it too. He's evidently so far into this "shame" thing that he just doesn't want to think about it.

The way I like to see it is by remembering that the US government is an agent of the people. The people have wealth --the total right now is about $50 trillion. This $8trillion public debt is chump change --not only when you compare it to the wealth (barely 16%) but that the percentage is going down. --in '94 it was 19%.

Your reasoning also applies to this unfunded liabilities horse-hocky. If we're supposed to prorate them, then we'll also have to prorate the "unrealized projected benifits". Sooner or later everyone has to come back to the planet earth. Nobody starts out raising a family moaning about the 'unfunded liability' of having a child. The focus is always on realizing that the future is better only if we plan for success and then we make it happen.