Politicians Ineffectiveness Lowered Debt

This article was originally posted on The Market Surge. You can find it here.

Anyone who ran a company with a balance sheet that looked like the U.S. probably wouldn’t have a company anymore.

This is the first thing that comes up when you search "Obama,"
and I think it describes all our feelings at the moment.

The picture painted by the federal balance for fiscal year 2012 shows a nation with a negative net worth of more than $16 trillion, according to the Treasury Department’s year-end reports and calculations from banking analyst Dick Bove.

In short, the national assets consist primarily of loans receivable and mortgage-backed securities, along with property, plant and equipment. In all, the total U.S. government assets are shy of $3 trillion.

But all is not so bad! To read the rest of the article, click here.