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To: Mase
Is that net worth increase you're talking about indexed to inflation?

That's where I've seen the smoke and mirrors from many who gather and massage numbers, and that's what has me perplexed as to the data in a lot of posts and places.

IMHO, from what I've seen, we're heading into the down side of the next economic cycle and we've had that before, but never with oil, energy, and food costs jumping in 2 years like this based upon a percentage.

I do understand that purchasing a house represents debt assuming it will appreciate in value. Autos, though taxed as real property and still loses value, is a lot of times considered 'debt', but, more like unfunded liability (LOL!) Credit card balances are like debt, right?.

Aren't unfunded liabilities considered payouts to the by the government to recipients for like Social Security, Medicare, and Retirements? Employers have the same obligations too to their retirees (well at least in the past). T-bills, bonds, the government issues is pure debt, right??

It's been my understanding that the Treasury Department (central bank) keeps issuing the t-bills for China, Great Britain, Saudi, Japland, etc., to purchase so we can keep the pork spending going, pay for the unfunded liabilities, and fight the WOT? Miss anything? Didn't we officially (the US government) run out of it's budgeted money last month?

Interesting.....write a check, post date it before it can be cashed and hope like he$$ the money comes in from somewhere.

What's the percent GDP, right now, better yet, percent annual budget, the US has to pay or its notes coming due?

336 posted on 11/02/2007 11:35:57 AM PDT by RSmithOpt (Liberalism: Highway to Hell)
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To: RSmithOpt; Thorin; Mase
Is that net worth increase you're talking about indexed to inflation? Also Mase show net worth figures broken down by income levels. If there are 5 people in a room with 50k in net worth each and Bill Gates walks in guess what happens to all of their average net worth figures? The ultra wealthy I suspect are skewing your net worth figures.
353 posted on 11/02/2007 11:56:56 AM PDT by am452 (If you don't stand behind our troops feel free to stand in front of them!!)
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To: RSmithOpt
Is that net worth increase you're talking about indexed to inflation?

Is that debt you're talking about indexed to inflation?

Aren't unfunded liabilities considered payouts to the by the government to recipients for like Social Security, Medicare, and Retirements? Employers have the same obligations too to their retirees (well at least in the past). T-bills, bonds, the government issues is pure debt, right??

They're an agreement to pay something at a future date. They are not debt. If the country abolished social security tomorrow there would be no debt. Do you think we could sue the government for the money they owe us? Show us the debt instrument or the contract? If an employer reneges on their previous commitment to pay retirement benefits or goes bankrupt, there is no debt. Just an unfunded liability.

It's been my understanding that the Treasury Department (central bank) keeps issuing the t-bills for China, Great Britain, Saudi, Japland, etc., to purchase so we can keep the pork spending going, pay for the unfunded liabilities, and fight the WOT?

The government spends more than they take in and they have to issue bonds to pay for it. That's debt. Just like if you had to borrow money from the bank to pay your bills at the end of the month. That all has nothing to do with the government promising to pay me so much after I retire or my company promising to pay me retirement benefits that don't currently belong to me.

What's the percent GDP, right now, better yet, percent annual budget, the US has to pay or its notes coming due?

Huh?

367 posted on 11/02/2007 12:12:08 PM PDT by Mase (Save me from the people who would save me from myself!)
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