Tim describes how US national debt may be as high as US$200k /
household.
Now some interesting question related questions are:
- who is that debt owed to?
- what proportion of current year US tax revenues go to service that
debt?
some of the debt may not be being serviced (no interest paid
Bear in mind that the holders of US debts do not want the debts
paid, only the interest, and in fact want both to increase as they
have consistently since the US government went into hock.
A prime reason holders of US debt fear other countries defaulting
on their debt is that that might become a
On Friday, July 12, 2002, at 12:13 PM, Adam Back wrote:
Tim describes how US national debt may be as high as US$200k /
household.
Now some interesting question related questions are:
- who is that debt owed to?
A partial list (not in any particular order, especially not necessarily
in
On Friday, July 12, 2002, at 12:13 PM, Adam Back wrote:
Tim describes how US national debt may be as high as US$200k /
household.
Now some interesting question related questions are:
- who is that debt owed to?
A partial list (not in any particular order, especially not necessarily
in
- who is that debt owed to?
You never, ever, collect debt from one that has a bigger gun than you do.
'debt' as a notion has meaning only between equal parties.
Everything's OK and taken care for, no need for panic or doomsday predictions.
=
end
(of original message)
Y-a*h*o-o (yes,
On Friday, July 12, 2002, at 04:16 PM, John Young wrote:
Bear in mind that the holders of US debts do not want the debts
paid, only the interest, and in fact want both to increase as they
have consistently since the US government went into hock.
Most such debts have finite lifetimes. For
On Thursday, July 11, 2002, at 08:09 AM, Steve Furlong wrote:
On Wednesday 10 July 2002 09:55, Trei, Peter wrote:
So, to the subject of the original question: I don't think taking up
US citizenship, then retiring abroad, makes a hell of a lot of
sense from a tax point of view, unless the
On Thursday 11 July 2002 13:32, Tim May wrote:
(Regarding SS and other USG liabilities)
Charge it...some future generation will pay.
I hope not. Addressing only the SS issue and not other USG debt, I'm
attempting to organize a nation-wide grassroots movement. On a
to-be-announced F-day,
On Thursday 11 July 2002 13:32, Tim May wrote:
(Regarding SS and other USG liabilities)
Charge it...some future generation will pay.
At 02:25 PM 7/11/2002 -0400, Steve Furlong wrote:
I hope not. Addressing only the SS issue and not other USG debt, I'm
attempting to organize a nation-wide
Tim May writes:
As everyone should know by now, and probably does, the Social Security
scheme in the U.S. is nothing more than a large Ponzi scheme. Payroll
taxes, amounting to about 15% of income up to some level (ratcheted
upwards every few years), go straight into the General Fund,
On Thursday 11 July 2002 13:32, Tim May wrote:
(Regarding SS and other USG liabilities)
Charge it...some future generation will pay.
At 02:25 PM 7/11/2002 -0400, Steve Furlong wrote:
I hope not. Addressing only the SS issue and not other USG debt, I'm
attempting to organize a nation-wide
Tim May writes:
As everyone should know by now, and probably does, the Social Security
scheme in the U.S. is nothing more than a large Ponzi scheme. Payroll
taxes, amounting to about 15% of income up to some level (ratcheted
upwards every few years), go straight into the General Fund,
The problem with your analysis is that it completely misses the impact of
the extended lifetimes (~150 years for anyone alive in or after 2020 that
doesn't die from accident or intent) that are going to accrue. And it's
only going to go up from there. Within 200 years the effective lifetimes
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