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To: Thorin

Unfortunately, when the world has lent you some 40 TRILLION dollars...you're expected to do more than just lay back by the side of the pool, with a margharita and Tivo....an crticize the rest of the world.


http://mwhodges.home.att.net/nat-debt/debt-nat-a.htm


10 posted on 01/03/2007 4:48:55 AM PST by mo
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To: mo
Unfortunately, when the world has lent you some 40 TRILLION dollars...you're expected to do more than just lay back by the side of the pool, with a margharita and Tivo....an crticize the rest of the world.

Do you understand the difference between debt and unfunded liabilities? Any discussion of debt without considering assets is useless. That's why Hodges' charts are meaningless.

30 posted on 01/03/2007 6:48:22 AM PST by Mase (Save me from the people who would save me from myself!)
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