On Future Predictions...
"When national debts have once been accumulated to a certain degree, there is scarce, I believe, a single instance of their having been fairly and completely paid. The liberation of the public revenue, if it has ever been brought about at all, has always been brought about by a bankruptcy; sometimes by an avowed one, but always by a real one."
--Adam Smith, in Wealth of Nations. According to the U.S. Treasury
Department, as of September 30, 1995 the U.S. Government had a negative
net worth of $4.5 trillion. Washington Times, 2/10/97. Page A12.
| Go Back | CCRC Home Page |