SoftBonds
Posts: 862
Joined: 2/10/2012 Status: offline
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quote:
ORIGINAL: Real0ne Sure ahhuh of course quote:
ORIGINAL: Musicmystery quote:
It's because we are broke, we are very broke and we will be broke for a long time. Hardly. U.S. assets top $188 trillion. the kings club is fucking broke! LOL Actually, that chart looks very reasonable to me. If you look at corporations by asset valuation, you will find that the companies whose assets are worth more have, on average, more debt than the companies whose assets are worth less. US, Canadian, European, Japanese, and Aussie workers are able to earn more from their labor, and those nations have a larger industrial base, so they have assets that are more valuable, and can borrow more money against those assets. In a perfect world that debt in incurred to pay for capital improvements with a value to the future generations that will pay that debt, for example the Road and Infrastructure improvements Obama got in 2009, as opposed to paying to lower taxes for a current generation, or to pay for a war (not that I'm complaining about 2 presidents in particular here). If you told me the US was going to borrow an extra trillion dollars this year, and spend it all on capital improvements, both to repair the most broken parts of our infrastructure (bridges come to mind, as do certain flood walls), and to make improvements with a high future value (nuclear plants, solar panel development, R&D, education to make our workers more productive), I would support it completely, because I would understand that the improvements would pay us back with interest, and that they would benefit those who would have to pay the bill. Edit: Sorry New Zealand, meant to include you Kiwi's too. Gosh, there are a lot of nations in the "rich," world, aren't there. Oh, wait, South Korea too, sorry Koreans, hard to see you on that map at my screen resolution.
< Message edited by SoftBonds -- 4/7/2012 10:12:39 AM >
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Elite Thread Hijacker! Ignored: ThompsonX, RealOne (so folks know why I don't reply) The last poster is often not the "winner," of the thread, just the one who was most annoying.
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