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Is the United States Bankrupt?
FEDERAL RESERVE BANK OF ST. LOUIS REVIEW ^ | July 1, 2006 | Laurence J. Kotlikoff

Posted on 07/10/2006 10:59:12 AM PDT by Paul Ross

click here to read article


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To: Raycpa

LOL Ping. Any extra you don't need, send this-a-way...


61 posted on 07/10/2006 12:38:48 PM PDT by dashing doofus
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To: Pete from Shawnee Mission
No clue if that would cover it, but its a start.

We need to send in the FR Woodpecker...


62 posted on 07/10/2006 12:41:47 PM PDT by Paul Ross (We cannot be for lawful ordinances and for an alien conspiracy at one and the same moment.-Cicero)
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To: palmer

All my hope for the future is riding on Dingle-Norwood.


63 posted on 07/10/2006 12:42:33 PM PDT by badgerlandjim (Hillary Clinton is to politics as Helen Thomas is to beauty)
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To: Red Badger
The ol' tried and true method. It works everytime it's tried......Remember WIN! ????.....

I even remember the WIN jingle:

We're gonna whip inflation now/ We'll all eat crow instead of cow!/We're going to hold our breath/ We'll even starve to death/ If we can whip inflation now!

64 posted on 07/10/2006 12:42:34 PM PDT by NaughtiusMaximus (Having a Kerry/Edwards bumpersticker on your car is like having "Born Loozer" tatooed on your arm.)
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Comment #65 Removed by Moderator

To: dashing doofus; stainlessbanner
Oops try that pix URL again.

The Honorable John W. Snow
Prepared Remarks to PricewaterhouseCoopers’ 2005
Global Tax Symposium
http://www.treas.gov/press/releases/js3039.htm

More money = more government.

66 posted on 07/10/2006 12:46:05 PM PDT by ancient_geezer (Don't reform it, Replace it.)
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To: ancient_geezer
hereyougo


67 posted on 07/10/2006 12:46:31 PM PDT by stainlessbanner
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To: ancient_geezer
H'mm let's see if this chart displays...


68 posted on 07/10/2006 12:47:11 PM PDT by Paul Ross (We cannot be for lawful ordinances and for an alien conspiracy at one and the same moment.-Cicero)
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To: ancient_geezer

Okay, I won't do that again!


69 posted on 07/10/2006 12:47:51 PM PDT by Paul Ross (We cannot be for lawful ordinances and for an alien conspiracy at one and the same moment.-Cicero)
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To: DHerion
We have over a trillion barrels of oil locked up in shale rock on government land. What is that worth.

At today's prices - 70 trillion dollars. Hell, that even leaves a little money left for reparations...

70 posted on 07/10/2006 12:48:26 PM PDT by badgerlandjim (Hillary Clinton is to politics as Helen Thomas is to beauty)
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To: ancient_geezer

Ping: Exactly like that one. Thanx for digging it up!


71 posted on 07/10/2006 12:48:45 PM PDT by dashing doofus
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To: Paul Ross

ROTFLM(_|_)O!!!!!!


72 posted on 07/10/2006 12:48:55 PM PDT by ancient_geezer (Don't reform it, Replace it.)
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To: Paul Ross
You know this really has become the Rights version of "Global Warming" Hysteria based on no factual bases that is simply screamed over and over and over again in the hopes people will belive it.

Tell us oh fiscal "sages", how has Great Britian managed a National Debt for about 400 years now?

73 posted on 07/10/2006 12:49:43 PM PDT by MNJohnnie (Fire Murtha Now! Spread the word. Support Diana Irey. http://www.irey.com/)
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To: Paul Ross

Thanx for digging it up...
Thanx for digging it up....

The graph is KEY, so a little repetition isn't such a bad thing. ;-)


74 posted on 07/10/2006 12:50:25 PM PDT by dashing doofus
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To: Paul Ross; stainlessbanner; ancient_geezer

Easy guys. LOL


75 posted on 07/10/2006 12:52:13 PM PDT by groanup (How do you know we aren't movie stars?)
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To: badgerlandjim
At today's prices - 70 trillion dollars.

The U.S. government would have to capture all that oil value without any costs. I.e., it would have to do the production and distribution, etc.

The Federal Government is generally not known for such total efficiency as its forte'.

76 posted on 07/10/2006 12:52:58 PM PDT by Paul Ross (We cannot be for lawful ordinances and for an alien conspiracy at one and the same moment.-Cicero)
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To: Paul Ross

What kind of financial "analysis" excludes some existing and potential assets while including all existing and potential liabilities?

Hmmmm....

A dishonest, AGENDA-DRIVEN "analysis", perhaps?

And so the "bankruptcy" of the US is "proved".

Imagine that....


77 posted on 07/10/2006 12:55:33 PM PDT by pfony1
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To: 6ppc
Stripped bear.

78 posted on 07/10/2006 12:56:57 PM PDT by evets (huh?)
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To: Paul Ross
The U.S. government would have to capture all that oil value without any costs. I.e., it would have to do the production and distribution, etc. The Federal Government is generally not known for such total efficiency as its forte'.

No problem. The government will just legislate the oil companies into extracting the oil at the government's price. There. All solved. heehee

79 posted on 07/10/2006 12:58:28 PM PDT by badgerlandjim (Hillary Clinton is to politics as Helen Thomas is to beauty)
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To: Paul Ross
"As for the Government already maybe trying to inflate its way out of this mess of its own creation..."

- I'm sure that the chart is absolutely crucial to this debate, but since the vertical axis is not labeled and your explanation is non existent, I haven't a clue what it's all supposed to mean.
80 posted on 07/10/2006 1:01:10 PM PDT by finnigan2
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