W3Schools

Paul Brandus: Trump’s intriguing idea: Cut debt by selling off federal assets

The federal debt’s $20 trillion, and the fastest growing part of it — entitlements (which make up 60% of all federal spending) — are surging as baby boomers retire in droves. Interest on all this red ink is piling up and rising interest rates are only going to make things worse. So Uncle Sam’s broke, right? That’s the common view.

Not so fast. If you’re only looking at the liabilities side of a company’s balance sheet, you only get half the story. At the end of its last fiscal year, Apple AAPL, -0.04% had $75 billion in long-term debt.

>>> Original Source <<<

Comentários