SpidermanTuba
Rookie
- Banned
- #221
Whatever , I've explained it to you 6 ways from sunday but you still don't seem to get that when you borrow money from yourself you're not creating an asset, which seems pretty evident to most people.
My point is that the distinction between "funded liabilities" and "unfunded liabilities" fails with regards to the U.S. Government because of this very reason. All liabilities of the U.S. Government can be considered "funded" for the simple reason that the full faith and credit of the u.s. government is sufficient to "fund" a liability for any purpose by any other party.