To: Willie Green
Well, as most most economists would say, "on the other hand..."
posted on 07/28/2003 12:07:13 PM PDT
by moni kerr
(Lead, follow or get the hell out of the way)
To: moni kerr
No kidding. Something people always forget is the value of investment in real property is carried on the govt books at historical cost, not current appraised value. All the national parks and every acre of federal land is grossly undervalued on the books. There's a lot of property value supporting the balance sheet. Also, the deficit numbers are but a spit in the collective bucket when compared to output.
posted on 07/28/2003 12:24:39 PM PDT
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