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Friday, June 6, 2003

Quote of the Day by scarab9

1 posted on 06/06/2003 12:53:31 AM PDT by JohnHuang2
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To: JohnHuang2
43 trillion???

DAAAAAAAAAAAMMMMMMMN!!!

2 posted on 06/06/2003 1:01:00 AM PDT by Tolerance Sucks Rocks (There be no shelter here; the front line is everywhere!)
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To: JohnHuang2
Is the United States flat-out broke?

Pretty much. Yep.

4 posted on 06/06/2003 1:22:36 AM PDT by AntiGuv (™)
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To: JohnHuang2
Wonderful. I assume the 18 trillion for Social Security/Medicare is the program's lifetime liability?
5 posted on 06/06/2003 1:39:50 AM PDT by Tolerance Sucks Rocks (There be no shelter here; the front line is everywhere!)
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To: JohnHuang2
Nope. If the feds ever need to do so, they can just print up the multi trillions of dollars needed and turn it over to their lenders. At which point, no longer in debt. Not broke at all.

Of course....that action might have some affect on the value of the dollars that you have in your bank account and all your dollar denominated assets, but what the heck.

10 posted on 06/06/2003 8:21:20 AM PDT by dark_lord (The Statue of Liberty now holds a baseball bat and she's yelling 'You want a piece of me?')
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