Excerpt:
The fact of the matter is that the US is bankrupt.David M. Walker, Comptroller General of the US and head of the Government Accountability Office, in his December 17, 2007, report to the US Congress on the financial statements of the US government noted that "the federal government did not maintain effective internal control over financial reporting (including safeguarding assets) and compliance with significant laws and regulations as of September 30, 2007."
In everyday language, the US government cannot pass an audit.
Moreover, the GAO report pointed out that the accrued liabilities of the federal government "totaled approximately $53 trillion as of September 30, 2007." No funds have been set aside against this mind boggling liability.
Just so the reader understands, $53 trillion is $53,000 billion.
Frustrated by speaking to deaf ears, Walker recently resigned as head of the Government Accountability Office.
What really, really rankles me is that Bush is out of the loop in regard to Russia. The Russkies smuggled Saddam's WMD to Syria ! . . .
Not one word of protest from the White House . . . Of course, Putin is GWB's 'good friend.' Unless somebody speaks up about the active conspiracy between Russia, Iran and Syria, hardly anybody will know what really happened . . . Protesters chant 'Bush lied, people died' in the streets. National media cover the protests every day.
Somebody needs to tell McCain he may lose the election. Unless the White House tells the truth about Russia.
What are the USA’s total assets? Land, property, resources owned by the people and by the government?
If one can’t come up with that number, how can anyone say we are bankrupt?
The bankrupt banking industry is having a fire sale.
False.