Quote:
Originally Posted by Sooner or later
Why are you using future liabilities compared to current assets to come up with the 84 trillion claim.
What are current liabilities and current assets?
Or
What are estimated future liabilities to estimated future assets?
|
SS, medi, prescription drugs and pensions are an Acct Payable. Those payments/expenses are real..the CBO projected that it would be an 800B USD deficit per year which when paid becomes bearing. debt..it is a US govt contract wt the American people who have paid for the annunity. The US govt of course can default on that contract.
The values presented are todays valuations. It is the BALANCE SHEET OF THE USA. Assets minus liabilities which those anunities are part of..You.want to settle accounts today you have a negative 84T USD net worth.
A contract has a present value..even if it is to be paid out over time. The only way to abrogate that value is to end the contract.