Originally posted by AdamJ
Is this federal debt? so what about local, state, etc. all the other levels they can bury it in. I heard figures thrown around of 20 trillion+ on all
However this is counteracted by CAFR assets.
So whats the truth, who knows?
To be honest, I have NO idea!
I tried to look up info about CAFR, and the information instantly gave me a severe headache, realizing this information is purely intended for those
who have a weird sense of hobby, i.e. finance on a national level.
Anyway, if someone would enlighten me, here is a definition on CAFR:
COMPREHENSIVE ANNUAL FINANCIAL REPORT (CAFR). A financial report that encompasses all funds and component units of the government. The CAFR should
contain (a) the basic financial statements and required supplementary information, (b) combining statements to support columns in the basic financial
statements that aggregate information from more than one fund or component unit, and (c) individual fund statements as needed. The CAFR is the
governmental unit's official annual report and also should contain introductory information, schedules necessary to demonstrate compliance with
finance-related legal and contractual provisions, and statistical data. The CAFR of a public employee retirement system or an investment pool also
should provide information on investments. Likewise, the CAFR of a public employee retirement system should provide actuarial information.
Source: Texas Education Agency
As You say, AdamJ, The CAFR consist of unimaginary huge amounts of documents 'explaining' where money has gone, let's call it 'into further
investments'... ...It is by the share size of it all, very hard to see the leakage(s) in the economical system, but it obviously has to be there,
otherwise, it would be (should be!) plugged, to stabilize the health of the system.
Can anyone explain to me, how the CAFR assets actually counteract the debts? How can there be any assets, if the debt continue to increase with this
astounding speed? I thought perhaps, the CAFR, is more or less a report, consisting of the numbers that end up in the very familiar bottom line, in
this case written in red ink?!
What is it that I don't understand regarding being in debt
? In my ears, that has always meant: Out of Cash
In this particular case, regarding US Trade, the number has since my last post last night, increased (which is bad), with 3 billion dollars!
What are the US intentions regarding payback? More war, or am I wrong?
The future of the US isn't too bright and shiny, imho.
Remember, this rant is coming from one that neccesarily wouldn't mind see the bottom up on the Republic! If I notice this unhealthy economic
situation, shouldn't everyone else that DO care for the land of dreams?
I know. The question is How! -I don't know. I don't have the means.
China, or whoever the US is afraid of these days doesn't even have to attack by conventional OR unconventional means, they do what they have been
doing all this time. Wait, and wait some more...