Comments on: Our Children Will Be Lucky To Inherit Federal Debt & Federal Assets http://www.fundmasteryblog.com/2008/02/09/our-children-will-be-lucky-to-inherit-federal-debt-federal-assets/ Mutual Funds, Investing, Retirement, Economy, Personal Finance Sat, 13 Mar 2010 21:10:00 +0000 http://wordpress.org/?v=2.3.1 By: Kurt Brouwer http://www.fundmasteryblog.com/2008/02/09/our-children-will-be-lucky-to-inherit-federal-debt-federal-assets/#comment-545 Kurt Brouwer Mon, 11 Feb 2008 15:50:20 +0000 http://www.fundmasteryblog.com/2008/02/09/our-children-will-be-lucky-to-inherit-federal-debt-federal-assets/#comment-545 Good point Thomas. To expand on that point, people should understand that there is no capitalization of long-term investments as you would have on a business balance sheet. Current operational expenses are overstated in the sense that no distinction is made between paying the electric bill for an office building or paying the construction costs of building that building. Good point Thomas. To expand on that point, people should understand that there is no capitalization of long-term investments as you would have on a business balance sheet. Current operational expenses are overstated in the sense that no distinction is made between paying the electric bill for an office building or paying the construction costs of building that building.

]]> By: Thomas Dinsmore http://www.fundmasteryblog.com/2008/02/09/our-children-will-be-lucky-to-inherit-federal-debt-federal-assets/#comment-544 Thomas Dinsmore Mon, 11 Feb 2008 14:47:40 +0000 http://www.fundmasteryblog.com/2008/02/09/our-children-will-be-lucky-to-inherit-federal-debt-federal-assets/#comment-544 It all boils down to where the money goes, no? If I run up debt to finance my vacation, that is irresponsible. But if I run up debt to buy my primary home or to invest in a business, that is a smart thing to do because of the future stream of benefits. The problem today is that too much government spending goes to current operations rather than real investments. It all boils down to where the money goes, no? If I run up debt to finance my vacation, that is irresponsible. But if I run up debt to buy my primary home or to invest in a business, that is a smart thing to do because of the future stream of benefits.

The problem today is that too much government spending goes to current operations rather than real investments.

]]> By: Kurt Brouwer http://www.fundmasteryblog.com/2008/02/09/our-children-will-be-lucky-to-inherit-federal-debt-federal-assets/#comment-542 Kurt Brouwer Sun, 10 Feb 2008 17:53:51 +0000 http://www.fundmasteryblog.com/2008/02/09/our-children-will-be-lucky-to-inherit-federal-debt-federal-assets/#comment-542 Go to the link in the first paragraph of this post. Currently, our national debt is about 66% of GDP. It has been much higher than that. Also, it is lower than many countries such as Japan. Also, remember that about 40% of our debt is owed by one agency of government to another agency. Go to the link in the first paragraph of this post. Currently, our national debt is about 66% of GDP. It has been much higher than that. Also, it is lower than many countries such as Japan. Also, remember that about 40% of our debt is owed by one agency of government to another agency.

]]> By: Joe http://www.fundmasteryblog.com/2008/02/09/our-children-will-be-lucky-to-inherit-federal-debt-federal-assets/#comment-540 Joe Sat, 09 Feb 2008 23:30:13 +0000 http://www.fundmasteryblog.com/2008/02/09/our-children-will-be-lucky-to-inherit-federal-debt-federal-assets/#comment-540 Some people claim that our so called enormus debt, as a percentage of GNP, is histoically in line and manageable. Is this true, and if so where can one find nonpartisan proof? Some people claim that our so called enormus debt, as a percentage of GNP, is histoically in line and manageable. Is this true, and if so where can one find nonpartisan proof?

]]>