tag:blogger.com,1999:blog-3758330678390419129.post2587940100480667479..comments2024-02-13T02:39:22.756-05:00Comments on EconomicPolicyJournal.com: Just How Bad the U.S. Government Financial Position is in One ChartRobert Wenzelhttp://www.blogger.com/profile/14296920597416905488noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-3758330678390419129.post-24350494825794143102017-07-06T09:30:53.881-04:002017-07-06T09:30:53.881-04:00Excuse me? DId I defend the government's theft...Excuse me? DId I defend the government's thefts in any way? I only point out how inadequate the above analysis is for getting a true picture (in which unfunded liabilities dwarf everything else). I declare you a non-thinking troll and will not engage you further.Scott Ohttps://www.blogger.com/profile/00270655527655803743noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-16967138154378814272017-07-06T09:29:34.509-04:002017-07-06T09:29:34.509-04:00"While the US govt will NEVER be able to pay ..."While the US govt will NEVER be able to pay off its debts, it does have and will have income, and this ought to be accounted for." <br /><br />The point of the post is that they will default and the REASON is because they don't have the assets or income to pay off their debts, which you readily admit. So your post is immaterial.Austro-Punkhttps://www.blogger.com/profile/15170272148725680161noreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-44905280860339410242017-07-06T08:23:30.618-04:002017-07-06T08:23:30.618-04:00Yes, just assume the government has the right to t...Yes, just assume the government has the right to tax away from us whatever it needs to pay its debt. Creep.<br />Banaceknoreply@blogger.comtag:blogger.com,1999:blog-3758330678390419129.post-55823973448564410942017-07-06T07:31:50.585-04:002017-07-06T07:31:50.585-04:00This is nonsense, to compare assets and liabilitie...This is nonsense, to compare assets and liabilities without regard to the future income and obligation streams of the entity or person.<br /><br />Many people with large mortgages have a negative net worth, but their income stream will allow them to eventually pay off the mortgage. And future obligations can also make a strict accounting of assets and current liabilities misleading.<br /><br />Scott Ohttps://www.blogger.com/profile/00270655527655803743noreply@blogger.com