Quote:
Originally Posted by 732002
Incorrect, assets are 7 times greater than debt. It would only take one penny
out of seven, not every penny to pay off the national debt.
"For now, let’s focus on this potentially cheering reality: The value of all measurable U.S. assets is more than seven times the total of the federal debt,"
National Debt Relatively Under Control, One Study Shows | TIME.com
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No, I believe your assertions are incorrect. All "measurable assets" vs. cash. So, are you suggesting that the "value" of one's home can be liquadated into a cash value which in turn could be somehow transmuted into a bond that someone would be interested in buying? I think most folks forget that the bonds which fuel our machine and public debt is being paid for by tax payers. We are borrowing money which will hopefully exist in the future, although we "need" the money now. So, whoever believes or writes articles about how if we could somehow liquadate all of America into cash and that cash in turn could be turned into bond buying customers is sadly mistaken.