Quote:
Originally Posted by StuartD
Pffft... the CIA isn't a credible source. I'll wait for The Enquirer or Fox News to provide the real information.  |
Sure.. inclined to take that with a pinch of salt Stuart
Last time I went thru the actually Treasury Balance Sheet was for 2005 and, on the front page, it looked not bad. There was an overall deficit, but nothing different to most other countries.
Then noticed all the small note appendices, so started wasting time wading thru them with a calculator. And shit... when you added up all the "real" balances - it was a horror story. If the modest deficit on the front page included all the items hidden in notes - the deficit was something in the region of $650+ trillion.
And... when you take the eg $890 trillion on the current account balance and add elements which are not included within the current account balance, the real debt is something like $1.2 trillion. This includes items owing to US citizens and other accounts due for an assortment of stuff like rebuilding navy yards etc.
It's all in the smoke and mirrors presentation
