Quote:
Originally Posted by Barry-xlovecam
Some people are not that dependent on the government. We exist in spite of the government. The government is always in debt that is nothing new.
On a national balance sheet basis; the US government with all US persons and businesses assets less all liabilities -- the USA is in very good shape as a country -- that is why people all over the world invest their money here. We have a high net worth -- the issue is liquidity most assets are fixed and not liquid. Real Property as well as equipment and fixtures are not liquid. Debt can be refinanced as the assets are in place -- US citizens own most of the government debt. So, we are mainly in debt to ourselves -- we don't owe YOU jack-shit unless you hold US Treasury Bonds.
Why are you so obsessed with the USA's problems -- you live thousands of kilometers away?
We fart and you sniff? What's up with that?
U.S. National Debt Clock : Real Time
The sky is falling -- go away chicken littles!
There are winners and losers in every game ... If you don't think you are winning change how you play the game. The game will not change for you  |
You have no idea on how dependent on your government you are.
Who paid for your education, safety, roads, skyways, security, etc?
Who determines how much money you have in your pocket? Not entirely up to you as you would like to believe.
Now we could all go back to times when Governments had little control over the lives of its citizens. For Americans, it would mean to go back to pre-colonial days when men could walk off into the wilderness and support themselves off the land. Today we live in a world where governments make sure we're not poisoned by companies who see profits over your safety. In fact, in the US you need more of that protection.
People invest in companies that make profits and your government helps them do that, to the detriment of you. Remember the bank crash?
And yes there's always debt. At the moment Western debt is heading towards unsustainability.
It won't be the 1% suffering when those debts are called in. It will be your level who think they shouldn't pay much tax while free to profit from shares and property deals.
People who vote for the very people intent on building more debt.