U.S. General Accounting Office sounds alarm on America’s insolvency

[Manonthestreet]

Running a surplus however small would be yuge

 

[80zephyr]

And Japan's is 229%

Are they insolvent??

Yes. But as of right now, the world is too scared to pull the "pay us back now" card like they did with Greece. That time will be forced to come when Japan can't even pay the interest.

Mark

 

[g5000]

And Japan's is 229%

Are they insolvent??

Pretty much.

 

[g5000]

Trump's fault, no doubt

It will be when he and the GOP Congress add to it.

As soon as they increase it, they own it.

 

[Avatar4321]

So trump is so bad the nation is going insolvent on day 1

 

[g5000]

Just as the door slams shut on the Obama Administrations doubling of the national debt...worthless Washington picks this moment to sound the alarm. Typical..

I am amused you think this is the first time the GAO has sounded the alarm on our debt!

Check out the date on this one: GAO chief sounds alarm bells on debt

Who was President then? Which party controlled Congress?

 

[Missourian]

Do YOU have any idea is Trump paid millions in taxes or paid ZERO in the last decade?
Do you know? I don't know and most likely you do not either because the guy REFUSES to show ANY of his tax returns.

Drain the swamp????? LOL

They are in the folder with Hillary's Wall St speeches.

The file is Headed "Things not to release because the opposition will attempt to make political hay out the contents, regardless of legality."

So, if you have evidence that something is amiss, please post it here...but don't believe for a second that you're fooling anyone about your motives and motivations.

 

[nat4900]

It's not a loophole to follow the law to keep your own money

Among the millionaires, its called "LEGAL CORRUPTION"........Be proud !!!

 

[Avatar4321]

It's not a loophole to follow the law to keep your own money

Among the millionaires, its called "LEGAL CORRUPTION"........Be proud !!!

By definition obeying the law isn't corruption.

 

[Sun Devil 92]

Trump's fault, no doubt

No.

BOOOOOOOOOOOOOOOOOOOOOOSSSSSSSSSSSSSSSSHHHHHHHHHHHHHHHHHHHHH

 

[nat4900]

So, if you have evidence that something is amiss, please post it here...but don't believe for a second that you're fooling anyone about your motives and motivations.

One CANNOT fool morons.......they're already fools.....

Never again will a nominee for president will show his or her tax returns....See, Trump has established a NEW American tradition....LOL

 

[nat4900]

By definition obeying the law isn't corruption.

I am sure that those bankers who were too big to fail will CHEER your undying support. Congrats !!!

 

[Sun Devil 92]

Trump's fault, no doubt

Sarcasm aside, NOT paying one's taxes because of loopholes DOES contribute to the deficit, don't you think???? (or do you think?)

If there is a loophole, then it isn't "one's taxes"....big difference.

If there is a gap (deficit), the government can either collect more or spend less. Simple.

 

[Sun Devil 92]

By definition obeying the law isn't corruption.

I am sure that those bankers who were too big to fail will CHEER your undying support. Congrats !!!

Our legal system is what sets us apart in many ways.

To suggest a "moral" obligation when it comes to taxes means that you are suggesting a "morality" that the government enforces.

Are you sure you want to do that ?

 

[Missourian]

One CANNOT fool morons.......they're already fools.....

Never again will a nominee for president will show his or her tax returns....See, Trump has established a NEW American tradition....LOL

A look in the mirror is in order...attacking Romney's extremely legal tax returns for nothing more that political theater directly leads to Trumps refusal to release his taxes. Heal thyself physician.

 

[danielpalos]

By definition obeying the law isn't corruption.

I am sure that those bankers who were too big to fail will CHEER your undying support. Congrats !!!

Our legal system is what sets us apart in many ways.

To suggest a "moral" obligation when it comes to taxes means that you are suggesting a "morality" that the government enforces.

Are you sure you want to do that ?

We have a civic, moral, Constitution.

 

[Avatar4321]

By definition obeying the law isn't corruption.

I am sure that those bankers who were too big to fail will CHEER your undying support. Congrats !!!

Red herring

 

[Truth2Know]

how much is a wall going to cost?

Less than the cost of not having a wall.

 

[nat4900]

A look in the mirror is in order...attacking Romney's extremely legal tax returns for nothing more that political theater directly leads to Trumps refusal to release his taxes. Heal thyself physician.

Extremely stupid......First, it was Trump who hammered Romney for NOT releasing his tax returns fast enough.......Second, when you bullshit your way into the oval office by stating you're the "best businessman that ever walked the planet"....Then, it would make some sense to show your returns as some proof that indeed you're one hell of a businessman.......and show the rest of us poor mortals how we TOO can make millions AND avoid paying one penny to the treasury.....

 

[danielpalos]

how much is a wall going to cost?

Less than the cost of not having a wall.

says you.

we should be making money from a market friendly visa.