Freudian slip? Bankrupt or corrupt, or beginning to sound the same to me.

trillions worth of land and buildings, access to natural resources on federal lands, etc. I’ve heard it said that, west of the continental divide, 45% of all land under US jurisdiction belongs to the Federal government. Of course I don’t believe that there is enough value in that real property and resources to cover all the cost of the promised benefits made by the various congresses. And in a sense, all that value has already been mortgaged by the promises made. Finally, the government would much rather print money, or raise taxes, than liquidate any of its real assets – they need to keep those for themselves, you understand.

taxpayer

Ethically amd morally, The U.S. Government is beyond bankrupt, getting ready to completely pass by corrupt and approaching tar-and-feather treasonous in their sworn oaths to protect and defend The Constitution of The United States.

Monetarily, bankruptcy is there, but as @ersiflage points out, the real estate holdings/infrastrucure facilities are worth at least something…… Let’s just ‘hope’ that the ‘something’ is not handing it all over to the Chinese and other debt holders, or there won’t be any ‘change’ remaining.

before the currency is devalued any more, the Chinese just start converting their dollars into assets that retain their value better than the dollar.

A reasonable approach, since my estimates are that the recent dollar devaluations have cost the Chinese between $400 and $600 billion.

That’s real money.

That ought to have them really pissed off.

just take their losses by force by invading another country or plundering a nation state to the tune of their half trillion dollars in losses?

You know, just to get the President’s attention.

think it is worth losing the entire $2 trillion they have in reserves to see the U.S. become a non-superpower?

in U.S. currency, what would you do, if you were a nation-state?

Probably act in your own interest.

And if the President and Congress are not listening to your pleading to stop spending, control the deficit, what does China do then?

Just sit there like a mouse on the Church steps? Waiting?

The from 9 billion to 67 billion figure is not adjusted for inflation.

When adjusted for inflation the actual costs in 1990 were 165% above what was predicted in 1965.

The second is just one of omission. In 1965 LBJ and pals used the key fact that 20% of wages from seniors were going to pay for medical coverage. This fact was used to hammer home the necessity of Medicare. By 1985, despite having already established Medicare, seniors were STILL paying 20% of their wages for medical coverage.

These government solutions will not work in the long run. They eventually suffer the same fate as every other government program. Hustlers figure out how to survive and thrive off gaming the system.

from Reagan when he devalued their U.S. holdings. The Chinese have a much better plan: turn our Treasuries into IMF funds, and have the IMF declare the United States “bankrupt.”

The Chinese keep plausible deniability, and save face. And the Obama Administration can claim they saved millions of jobs…in China.