teodesian.net http://teodesian.net//posts/66a31cb5-13f6-11ec-bdd7-8466675a65ae?format=xml teodesian.net : /posts/66a31cb5-13f6-11ec-bdd7-8466675a65ae en 2026-04-30T15:34:29 2026-04-30T15:34:29 teodesian.net /favicon.ico http://teodesian.net 32 32 teodesian.net favicon Speaking of Toxic Debt... http://teodesian.net/posts/66a31cb5-13f6-11ec-bdd7-8466675a65ae 37% of the government’s total reported assets are student loans, which is now considered one of the most precarious bubbles in finance. But that's OK, since uncle satan doesn't ever borrow money...
On the other side of the equation are a reported $21.5 trillion in liabilities, giving the government an official net worth of negative $18.2 trillion.

This is down from last year’s negative $17.7 trillion and $16.9 trillion the year prior. It just keeps getting worse.
My bad.
Bottom line– if this were a private company, Barack Obama and Jack Lew would be wearing dayglo orange jumpsuits in court while facing felony fraud charges.
]]> doge http://teodesian.net/posts/66a31cb5-13f6-11ec-bdd7-8466675a65ae 2016-02-26T16:54:04 Speaking of Toxic Debt... http://teodesian.net/posts/1456505644 37% of the government’s total reported assets are student loans, which is now considered one of the most precarious bubbles in finance. But that's OK, since uncle satan doesn't ever borrow money...
On the other side of the equation are a reported $21.5 trillion in liabilities, giving the government an official net worth of negative $18.2 trillion.

This is down from last year’s negative $17.7 trillion and $16.9 trillion the year prior. It just keeps getting worse.
My bad.
Bottom line– if this were a private company, Barack Obama and Jack Lew would be wearing dayglo orange jumpsuits in court while facing felony fraud charges.
]]> doge http://teodesian.net/posts/1456505644 2016-02-26T16:54:04