wrote in message
...
On Wed, 27 Jan 2010 21:48:08 -0800, "nom=de=plume"
wrote:

The federal government probably has a positive net worth but are we
really willing to sell off all the federal properties?


We have quite a bit more than a slight positive net worth, and there's no
reason to sell off anything. We're not being liquidated.

The government has a liquidity problem. If the Chinese, Japanese and
Brits decide to let their federal paper mature without rolling it
over, we don't have a way to pay them without devaluing the dollar.


I disagree. We've never missed a payment on the debt service. They wouldn't
do that, since they'd be hurt much worse than we, and they're making money.

--
Nom=de=Plume