What TARP money for jobs???

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No, it's you being a mental fucktard! Now do you want to get back to the topic, or should we continue to act like 7th graders in the schoolyard?

ditzie... the topic was settled a long time ago. The only thing that remains is for you to comprehend this fact.

Bottom line, you do not comprehend the definition of Net worth. you do not comprehend the definition of DEBT. The very fact that you don't think debt is a liability just proves your ignorance on the topic.

 

[Dixie - In Memoriam]

No ditzie... we both already agree that the DEBT is -$12trillion

Now... back to mocking your ignorance....

No we don't agree, you claim our debt doesn't account for our assets, and I gave a link with a running total of everything... assets, liabilities, revenues, expenditures... the "net worth" is listed in RED indicating a "negative" amount. Our assets and revenues are listed in green for your easy comprehension.

We are $12 trillion in the hole, like I've said from the start of this silliness, and like you've argued AGAINST... don't be pretending you've now changed your position!

 

[Dixie - In Memoriam]

Bottom line, you do not comprehend the definition of Net worth. you do not comprehend the definition of DEBT. The very fact that you don't think debt is a liability just proves your ignorance on the topic.

Bottom line, I DO understand what "net worth" means, and I DO comprehend what DEBT means. Debt indeed includes our liabilities and expenditures, this is what causes us to be IN DEBT! If we had the assets and revenues to cover our expenditures and liabilities, we would NOT be IN DEBT, we would have a SURPLUS! What part of this are you having trouble understanding? I gave you a color-coded real-time chart and everything!

 

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No we don't agree, you claim our debt doesn't account for our assets, and I gave a link with a running total of everything... assets, liabilities, revenues, expenditures... the "net worth" is listed in RED indicating a "negative" amount. Our assets and revenues are listed in green for your easy comprehension.

We are $12 trillion in the hole, like I've said from the start of this silliness, and like you've argued AGAINST... don't be pretending you've now changed your position!

The DEBT does not include assets you fucking retard.

The RED number is listed as NATIONAL DEBT you fucking retard. (do note that NO ONE else is calling it Net worth... other than YOU)

The revenue is indeed listed in green. Good work

The GDP is also green.... are you trying to suggest that GDP= Total ASSETS of the US? Please clarify. We wouldn't want to 'misconstrue' what you are attempting to say.

 

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Bottom line, I DO understand what "net worth" means, and I DO comprehend what DEBT means. Debt indeed includes our liabilities and expenditures, this is what causes us to be IN DEBT! If we had the assets and revenues to cover our expenditures and liabilities, we would NOT be IN DEBT, we would have a SURPLUS! What part of this are you having trouble understanding? I gave you a color-coded real-time chart and everything!

Wrong again ditzie...

Our LIABILITIES include our DEBT. Not the other way around. Because we also have UNFUNDED liabilities. These are future expenses that we have yet to pay for.

You have spun yourself in so many circles now you truly are ditzie.

Your chart again does NOT show the countries net worth dearest lil ditzie. Unless of course you would like to show me where it states... "NET WORTH OF US".

If the US Net Worth was REALLY -$12 trillion as you suggest.... NO ONE WOULD LOAN US A FUCKING DIME.

 

[Dixie - In Memoriam]

The DEBT does not include assets you fucking retard.

The RED number is listed as NATIONAL DEBT you fucking retard. (do note that NO ONE else is calling it Net worth... other than YOU)

The revenue is indeed listed in green. Good work

The GDP is also green.... are you trying to suggest that GDP= Total ASSETS of the US? Please clarify. We wouldn't want to 'misconstrue' what you are attempting to say.

Green indicates positive values, which the GDP is... I didn't say anything about the GDP being an asset! Again, stop trying to make me say things that I didn't say and wouldn't ever say, because they are patently idiotic. This is an annoying habit you have, and you need to just stop it.

The only other people defending our $12 trillion National Debt and pretending it doesn't mean we are broke, is you and the idiot Onzies! Most of us intelligent people realize we are broke, and $12 trillion in debt, that is what is meant by "National Debt!" Most of us have the fucking common sense to know that our "National Debt" is AFTER consideration of our assets, and that if our assets outweighed our liabilities, we would NOT have a DEBT, but a NATIONAL SURPLUS!

Since most people don't feel compelled to argue with ignoramus idiots like you and Onzies, they aren't bothering to comment on this topic. It doesn't mean you and Onzies are right about anything!

 

[Onceler]

Since most people don't feel compelled to argue with ignoramus idiots like you and Onzies, they aren't bothering to comment on this topic. It doesn't mean you and Onzies are right about anything!

You didn't know that net worth had gone up $2.7 trillion in Q3.

Just a reminder on that one...

 

[Dixie - In Memoriam]

Wrong again ditzie...

Our LIABILITIES include our DEBT. Not the other way around. Because we also have UNFUNDED liabilities. These are future expenses that we have yet to pay for.

You have spun yourself in so many circles now you truly are ditzie.

Your chart again does NOT show the countries net worth dearest lil ditzie. Unless of course you would like to show me where it states... "NET WORTH OF US".

If the US Net Worth was REALLY -$12 trillion as you suggest.... NO ONE WOULD LOAN US A FUCKING DIME.

The "net worth" of the United States Federal Government, is -$12 trillion! In case you haven't noticed, we only have ONE country willing to continue loaning us money, and they are getting nervous about it! The fact that our credit is running completely dry, is why the US Treasury is printing new money as fast as the presses will run!

 

[Dixie - In Memoriam]

You didn't know that net worth had gone up $2.7 trillion in Q3.

Just a reminder on that one...

The American GOVERNMENT'S net worth DIDN'T go up! Our liabilities increased by over 20% and we added another quarter of budget deficits.

 

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Green indicates positive values, which the GDP is... I didn't say anything about the GDP being an asset! Again, stop trying to make me say things that I didn't say and wouldn't ever say, because they are patently idiotic. This is an annoying habit you have, and you need to just stop it.

Easy spaz.... I ASKED YOU TO CLARIFY your comments so that I wouldn't be mistaken as to your intent. YOU STATED our ASSETS were listed on your little debt clock. I asked if you were referring to GDP... because otherwise... WHAT on there lists our ASSETS as you stated?

The only other people defending our $12 trillion National Debt and pretending it doesn't mean we are broke, is you and the idiot Onzies! Most of us intelligent people realize we are broke, and $12 trillion in debt, that is what is meant by "National Debt!" Most of us have the fucking common sense to know that our "National Debt" is AFTER consideration of our assets, and that if our assets outweighed our liabilities, we would NOT have a DEBT, but a NATIONAL SURPLUS!

LMAO.... you are truly a moron. I fully understand that ' $12 trillion in debt, that is what is meant by "National Debt!"' ... where we disagree dumbass is when you call our national debt our 'net worth'.

As I stated earlier... A deficit or surplus is the result of the combination of our REVENUES and EXPENSES. If we have a deficit in a given year, our DEBT increases. If we have a surplus, our DEBT is REDUCED.

Again you fucking moron... OUR NATIONS NET WORTH IS CALCULATED AS FOLLOWS:

Net Worth of the US = Net Worth of American Households + Net Worth of Corporations + Total Assets of the Government - National Debt

YOU keep trying to reduce that to being

Net Worth = National debt

You are missing a few components of the equation.

 

[Dixie - In Memoriam]

OUR NATIONS NET WORTH IS CALCULATED AS FOLLOWS:

Net Worth of the US = Net Worth of American Households + Net Worth of Corporations + Total Assets of the Government - National Debt

YOU keep trying to reduce that to being

Net Worth = National debt

You are missing a few components of the equation.

Aaaaagain, it depends on how you want to define "our nation" here! If you want to count every American household's assets, all assets of all corporations, and all government assets, you are no longer talking about "our nation" in terms of our federal government, and our "national debt" has absolutely nothing to do with what you are counting.

The $12 trillion national debt, is our GOVERNMENT debt, not individual household or corporate debt... it has nothing to do with individual debt! Why would individual and corporate assets have anything to do with it? It makes NO sense whatsoever!

The chart I linked, shows our National Debt, and it breaks it down precisely so you can see... here is the revenues coming in from taxes... here is the value of our assets... here are our expenditures... here are our liabilities... the NET result, is a $12 trillion SHORTFALL... or DEBT!

 

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Aaaaagain, it depends on how you want to define "our nation" here! If you want to count every American household's assets, all assets of all corporations, and all government assets, you are no longer talking about "our nation" in terms of our federal government, and our "national debt" has absolutely nothing to do with what you are counting.

The $12 trillion national debt, is our GOVERNMENT debt, not individual household or corporate debt... it has nothing to do with individual debt! Why would individual and corporate assets have anything to do with it? It makes NO sense whatsoever!

The chart I linked, shows our National Debt, and it breaks it down precisely so you can see... here is the revenues coming in from taxes... here is the value of our assets... here are our expenditures... here are our liabilities... the NET result, is a $12 trillion SHORTFALL... or DEBT!

sigh.... Ditzie... that is HOW our nations net worth is calculated.

But I will play along with your idiocy one more time...

If you want to do what no one else does and talk about the net worth of the Federal government you would have this equation....

Net Worth of Federal Government = Total ASSETS of Federal Government - Total Liabilities of Federal Government (which includes our nations debt).

You would STILL be missing part of the equation.

And NO ditzie... your precious little calculator DOES NOT SHOW OUR Federal Governments ASSETS. would you care to point to the section YOU seem to think reflects our federal goverments ASSETS ditzie?

I asked you to do so before... yet you neglected to respond to that request.

 

[Dixie - In Memoriam]

sigh.... Ditzie... that is HOW our nations net worth is calculated.

But I will play along with your idiocy one more time...

If you want to do what no one else does and talk about the net worth of the Federal government you would have this equation....

Net Worth of Federal Government = Total ASSETS of Federal Government - Total Liabilities of Federal Government (which includes our nations debt).

You would STILL be missing part of the equation.

And NO ditzie... your precious little calculator DOES NOT SHOW OUR Federal Governments ASSETS. would you care to point to the section YOU seem to think reflects our federal goverments ASSETS ditzie?

I asked you to do so before... yet you neglected to respond to that request.

Our assets are indeed shown, US Tax Revenue is an ASSET!

As I said, you are trying to talk about oranges when we are discussing apples. Cumulative household assets and debt, have absolutely NOTHING to do with the national debt! Corporate assets and debt, have ZERO to do with the national debt. (This is where you need to give a link to something which contradicts the point, otherwise, I pwn you here and you have been pwned.)

 

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Our assets are indeed shown, US Tax Revenue is an ASSET!

As I said, you are trying to talk about oranges when we are discussing apples. Cumulative household assets and debt, have absolutely NOTHING to do with the national debt! Corporate assets and debt, have ZERO to do with the national debt. (This is where you need to give a link to something which contradicts the point, otherwise, I pwn you here and you have been pwned.)

You truly are fucking retarded ditzie.... Does the US Tax Revenue show the ENTIRETY of the US Federal Governments Assets ditzie??? Does it?

That's right... it does not.

As for your second paragraph ditzie... I did not state they had ANYTHING to do with our national DEBT. I stated they are part of the equation to determine the NET WORTH of our country you fucking moron. Which they most certainly DO.

 

[Dixie - In Memoriam]

You truly are fucking retarded ditzie.... Does the US Tax Revenue show the ENTIRETY of the US Federal Governments Assets ditzie??? Does it?

That's right... it does not.

As for your second paragraph ditzie... I did not state they had ANYTHING to do with our national DEBT. I stated they are part of the equation to determine the NET WORTH of our country you fucking moron. Which they most certainly DO.

Yay! Once again, Superfreak refutes a point Dixie NEVER made! Bravo!

I will ask your ignorant ass one more time... WHICH "our country" are we discussing here? "Our country" as it pertains to every collective household and business? If so, we have to look at more than NATIONAL DEBT, our cumulative debt is in the $54 trillion range! Are we talking about "our country" as it pertains to the Federal Government? If so, individual assets aren't counted in the NATIONAL DEBT! So which "our country" do you mean here? And are we talking about our total liabilities, or our national debt? Because total unfunded liabilities of the US government are over $106 trillion!

But before we can move any further in debate, we must clarify what we're talking about... national debt. government liabilities and assets, or total US debt?

 

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Yay! Once again, Superfreak refutes a point Dixie NEVER made! Bravo!

Listen dipshit... YOU STATED, the assets were listed on your chart. I again ASKED FOR CLARIFICATION OF WHAT YOU MEANT. That said, IF the assets are not all listed, then as I stated, the chart does not address the ASSETS of the US FEDERAL GOVERNMENT. Revenue is a PART of the equation, but not all of our assets. You get that right?

I will ask your ignorant ass one more time... WHICH "our country" are we discussing here?

Again you idiot... I stated BOTH equations. One which people in the real world use. One that you and I are using for your 'ditzie' world scenario.

Again... The equation when looking at JUST the Federal Government is:

Net Worth = TOTAL ASSETS - TOTAL LIABILITIES

The NET WORTH OF THE FEDERAL GOVERNMENT IS NOT -$12 Trillion as you keep suggesting.

But before we can move any further in debate, we must clarify what we're talking about... national debt. government liabilities and assets, or total US debt?

You fucking moron... we are talking about your moronic attempt at defining the countries NET WORTH. You stated it was -$12 trillion. You are wrong.

Lorax was talking about the NET WORTH OF THE COUNTRY.... which everyone but you knows includes the total equation I posted earlier.

 

[Dixie - In Memoriam]

Listen dipshit... YOU STATED, the assets were listed on your chart. I again ASKED FOR CLARIFICATION OF WHAT YOU MEANT. That said, IF the assets are not all listed, then as I stated, the chart does not address the ASSETS of the US FEDERAL GOVERNMENT. Revenue is a PART of the equation, but not all of our assets. You get that right?

The assets ARE listed, US Federal Income Tax is one of them! What assets are NOT listed?

Again you idiot... I stated BOTH equations. One which people in the real world use. One that you and I are using for your 'ditzie' world scenario.

No, you actually used an equation to determine the collective net worth of all Americans and the US government combined, which is really a totally worthless and arbitrary number, since the assets in question are not tangible or liquid, and have nothing to do with the debt of the federal government.

Again... The equation when looking at JUST the Federal Government is:

Net Worth = TOTAL ASSETS - TOTAL LIABILITIES

Is not what you stated earlier. "Net Worth of the US = Net Worth of American Households + Net Worth of Corporations + Total Assets of the Government - National Debt" So, your "formula" has now changed?

The NET WORTH OF THE FEDERAL GOVERNMENT IS NOT -$12 Trillion as you keep suggesting.

Well we don't actually figure the so-called "net worth" of the federal government, but for all intents and purposes, the negative debt IS our current "net worth." I'm not 'suggesting' it, I am outright saying it, and so far, you haven't refuted it! The National Debt is our revenues and tangible assets, minus our expenditures and liabilities. If we had more revenues and tangible assets, we may not have a National Debt, we might have a National Surplus... but we don't! Our expenditures and liabilities are $12 trillion more than what we are taking in from Federal Income Taxes and other assets.... hence, we have a $12 trillion National Debt!

You fucking moron... we are talking about your moronic attempt at defining the countries NET WORTH. You stated it was -$12 trillion. You are wrong.

Lorax was talking about the NET WORTH OF THE COUNTRY.... which everyone but you knows includes the total equation I posted earlier.

And I ask you yet AGAIN... which "our country" are you yammering about? The Federal Government? The entity that IS "our country" or... the collective households and businesses which make up "our country?" Which one? Because the numbers for each are totally and completely different and have nothing really to do with each other!

 

[Cancel 2016.2]

The assets ARE listed, US Federal Income Tax is one of them! What assets are NOT listed?

Yes... now which are NOT listed ditzie???? Gold reserves? Oil Reserves? nat Gas? Land? Mineral rights? etc.... All of those are ASSETS of the United States government DITZIE.....

No, you actually used an equation to determine the collective net worth of all Americans and the US government combined, which is really a totally worthless and arbitrary number, since the assets in question are not tangible or liquid, and have nothing to do with the debt of the federal government.

Like I stated ditzie... to the rest of the world... THAT IS HOW YOU DETERMINE A COUNTRY'S NET WORTH. Assets being tangible or liquid does not make a difference when talking about NET WORTH.

Again you fucking tool.... they are all a part of NET WORTH.... you know... the THING YOU were saying was -$12 trillion for the country.

Is not what you stated earlier. "Net Worth of the US = Net Worth of American Households + Net Worth of Corporations + Total Assets of the Government - National Debt" So, your "formula" has now changed?

Wow... you got me on that one ditzie... that was a typo on my part... all your constant spinning in a vain attempt to get around your ignorance got me.

Well we don't actually figure the so-called "net worth" of the federal government, but for all intents and purposes, the negative debt IS our current "net worth."

Which again is 100% false. AS I stated earlier... the net worth is NOT something that is easily calculated which is why people don't try to quote it. But it is NOT 'for all intents and purposes' equal to our debt. Because AGAIN ditzie... that is simply our DEBT. It DOES NOT INCLUDE THE ASSETS. You fucking moron.

I'm not 'suggesting' it, I am outright saying it, and so far, you haven't refuted it!

I have refuted your stupidity 1000 times on this thread ditzie. But again your ignorance doesn't allow you to comprehend that fact.

The National Debt is our revenues and tangible assets, minus our expenditures and liabilities.

No ditzie... it is NOT. NO ONE includes ASSETS in the total DEBT figures of this country you fucking retard. NO ONE. AGAIN.... DEBT is a part of LIABILITIES.... not the other way around.

For any given year... you take revenues minus expenditures to get either a surplus or a deficit. If it is a deficit, it increases our debt. If it is a surplus, debt is reduced. The accumulation is known as our DEBT. It has NOTHING TO DO WITH ASSETS.

If we had more revenues and tangible assets, we may not have a National Debt, we might have a National Surplus... but we don't! Our expenditures and liabilities are $12 trillion more than what we are taking in from Federal Income Taxes and other assets.... hence, we have a $12 trillion National Debt!

Partially correct. WE do have $12 trillion in national debt. It is a result of an accumulation of deficit spending that resulted in the $12 trillion dollar debt.

And I ask you yet AGAIN... which "our country" are you yammering about? The Federal Government? The entity that IS "our country" or... the collective households and businesses which make up "our country?" Which one? Because the numbers for each are totally and completely different and have nothing really to do with each other!

Again you fucking dolt.... I said I would play in your ditzie land fantasy and simply discuss the Federal Government. Again... that equation is...

Net Worth = Total Assets minus Total Liabilities....

 

[Dixie - In Memoriam]

Net Worth = Total Assets minus Total Liabilities....

Total assets minus liabilities shows us $12 trillion in the hole. If we had the assets to cover the liability, we wouldn't have a national debt, we would have a surplus. If we suspended Federal Income Tax, it would increase the National Debt, would it not?

 

[Cancel 2018. 3]

Total assets minus liabilities shows us $12 trillion in the hole. If we had the assets to cover the liability, we wouldn't have a national debt, we would have a surplus. If we suspended Federal Income Tax, it would increase the National Debt, would it not?

good lord...are you actually claiming that all US assets are only worth 12 trillion dollars....