Replies to Msg. #1068652
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 Msg. #  Subject Posted by    Board    Date   
19516 Re: Why the housing and mortgage crisis is far from over
   AND, the hundred dollar hamburger is just around the corner.
DGpeddler   POPE 5   08 Jan 2019
6:16 PM
19466 Re: Why the housing and mortgage crisis is far from over
   WELL the writers of my article better get their numbers straight LOL....
capt_nemo   POPE 5   08 Jan 2019
7:45 AM

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Re: Why the housing and mortgage crisis is far from over

By: Decomposed in POPE 5
Tue, 08 Jan 19 7:43 AM
Msg. 19464 of 62138
(This msg. is a reply to 19462 by capt_nemo)
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Nemo:

Re: "...recent Treasury estimates putting the national debt at $22 trillion."
But that isn't how much we owe. It's a lie.

Generally Accepted Accounting Principles (GAAP) require every publicly traded corporation to include the present value of future obligations in its reported DEBT. The United States exempts itself from this requirement.

If the government reported its debt the same way these corporations do, the debt would be between $125 trillion and $200 trillion.

Then there's all the other debt: State, Municipal, Corporate, Personal....




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