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To: RSmithOpt

Not debt v. income, debt v. assets.


253 posted on 11/02/2007 9:30:54 AM PDT by Petronski (Here we go, Steelers. Here we go!)
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To: Petronski; RSmithOpt
Not debt v. income, debt v. assets.

It's not coming because it destroys their case. The doomer at that grandfather report understands which is why he never mentions assets. He (and RSmithOpt) don't understand the difference between an unfunded liability and debt. I don't think either has ever heard of 'cascading' and how it inflates debt.

They would both probably be shocked to learn that our household net worth hit another all time high last quarter and has more than doubled since NAFTA passed. Our net worth is increasing almost six times faster than our national debt. Some folks want to believe this is a bad thing. Go figure.

307 posted on 11/02/2007 10:51:19 AM PDT by Mase (Save me from the people who would save me from myself!)
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