[djone]

Thanks George....”America’s total debt — — exceeds $130 trillion..... 40 percent of our annual state budget comes from an obviously broke federal government, “
We are broke and those we owe money to are broke...GOD help us-———

[muawiyah]

It's a present value analysis of all real or potential obligations ~ somebody assumes an interest rate and away you go.

Currently the interest rate is so close to 0% the $130 trillion estimate is probably way out of line.

We need to see the interest rate and other assumptions before we can render judgment.

As bad as this looks, imagine if we continue to have deflation at current rates and the interest rate is actually something like -3%. Then, acquiring more obligations would be valuable because way down the line they'd be paying the government for the privilege of being on welfare!

Bwahahahahahha