General Discussion

that many people are insolvent if you use the criteria that their liquid assets are less than their liquid liabilities. Consider that it is quite usual for people to have mortgages higher than the money they have in cash, mutual funds, stock etc. What is key is whether they can pay the interest and costs of living from their various sources of income.

With the government, the concern is that Republicans have made drastic cuts on the "income" side (tax cuts) while radically raising some spending on things like ICE and one of the stupidest wars yet. Raising taxes has always been hard. Having lowered them, expect Republicans to declare themselves financially prudent as they demand cuts to programs and investments in the country because "we don't have the money." Somehow they never seem to understand is that you can balance the budget by increasing government revenue just as you can by cutting spending.