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12 comments

CNSYD March 6, 2014 at 11:42 am

Sic Willie, can I borrow your copy of the US balance sheet? You know, the old “T” balance that shows assets on one side and liabilities on the other. You obviously have only read from the liabilities side, so I was just curious what is on the assets side.

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I'llBeYourHuckleberry March 6, 2014 at 12:16 pm

IOU’s

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CNSYD March 6, 2014 at 1:08 pm

Really? IOUs are “assets”? Please explain the origin of these markers. So you discount the value of all the land and buildings owned by the US?

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Mike at the Beach March 6, 2014 at 2:59 pm

Stop it! Attempting to use facts and logic on this site can you give one a massive headache. Got any Excedrin?

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TrabajoMano March 6, 2014 at 3:56 pm

Sorry chief but any savvy real estate investor will tell you that you can never outrun the interest. Therefore, the interest on the money borrowed will certainly exceed the appreciation of the land held. As for the property tax collected, well there are no federal property taxes. I.E, the non-performing assets still require maintenance and management such as the guys in little brown hats and lime green pickups who wonder dirt roads looking for God knows what. To head off your argument that so and so bought a corner on credit on Rosewood and sold it to Blockbuster and outran the interest to make a few hundred large I say to you that the majority of the land that the Fed. govt owns is highly rural and often times uninhabitable unless one feels the call to live the Unabomber lifestyle. Furthermore, any of the real assets such as the natural resources from timber to fossils, water to wind are all leased out to corporations who do not contribute to the national debt. You know, the crony capitalism argument constantly being made on this site. Damn FITS, is sucks having to defend anyone who promotes Mark Sanford and T-Rat so get your sorry ass together and choose a path.

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TrabajoMano, Jr. March 6, 2014 at 4:00 pm

And if you argue that the corporations do contribute in the taxes they pay, well, that goes back to the original calculation of the national debt, the shortfalls and thus the need to borrow in the first place. As for the buildings, well, they are so expensive to maintain and therefore such a financial drain, it speaks for itself. If we pay men and women to “manage” a patch of woods, etc. etc.

CNSYD March 6, 2014 at 4:23 pm

Obviously you are not aware for the real estate that the US owns. How about 33 Liberty St in NYC. Not too rural for you is it? How about the Presidio in SF. Oh sorry, I guess it is rural being next to the GB Bridge. You need to expand your thinking.

west_rhino March 6, 2014 at 11:52 am

Ahhh yes, Dronezzzzz, the kind of whiz-bangs along with satellites that Carter insisted obviated any need for human assets gathering intel. Same pathway that led to Comrade Clinton blowing up baby milk factory, aspirin factory and millions of dollars of fireworks blowing up tent in Afghanistan. Barack Osama is still making that pair look like Mensa material.

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Mission Accomplished! March 6, 2014 at 11:56 am

Gotta break a few eggs to make an omelet don’t ya?

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Mike at the Beach March 6, 2014 at 3:08 pm

Not to the main thrust of your article, but a couple of quick bits in regard to the friendly fire incident:

1. As we always said back in the specops game, “Friendly fire…isn’t.”
2. Wars are horrible, nasty things (regardless of scale). These “blue on blue” incidents happen in almost any size conflict (even cops do it sometimes), but in far flung, complex ops like the ‘Stan, there occurrence is a certainty.
3. The US, for all the protestations to the contrary, genuinely does everything possible to avoid these, and investigates the hell out of them when they do occur for lessons learned.
4. They are hard on both sides: Obviously, getting blown up or shot almost always sucks pretty hard, but the the trigger pullers almost always end up in counseling (or doing the proverbial “laps in brown liquor” to work off the guilt).
5. I had a buddy in the ‘Stan who was involved in one (on the giving end, not the receiving end). We pulled him through it, but these things just suck.

Sorry for the borderline extraneous rambling.

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Beavis March 6, 2014 at 3:08 pm

You said “thrust”…heh, heh, heh

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You can't fool me March 6, 2014 at 3:43 pm

I saw a flock of drones in Greenville yesterday at the park. They looked just like little blackbirds. They even shit on the cars and stuff. But I know it was a National Guard exercise.

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