Is Pelosi using Common Core math?🤔🙄 Speaker Pelosi: "Yesterday I offered to them we'll take down a trillion if you add a trillion in." | Rise Of The American Conservative
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Is Pelosi using Common Core math?🤔🙄 Speaker Pelosi: "Yesterday I offered to them we'll take down a trillion if you add a trillion in." | Rise Of The American Conservative
9.7K viewsAug 7, 2020
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@BenMulroney Context is important: Not every wealth fund is equally created and wealth funds are assets, not debts. Perhaps an analogy might help.A simple way to think about the core difference is with a simple house purchase:If you buy a house using your actual savings (real earned income set aside), you’ve added genuine net wealth.If you buy the exact same house 100% with borrowed money (zero down payment), you still “have a house” — but you’ve added an equal asset and an equal liability. Net
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@BenMulroney Context is important: Not every wealth fund is equally created and wealth funds are assets, not debts. Perhaps an analogy might help.A simple way to think about the core difference is with a simple house purchase:If you buy a house using your actual savings (real earned income set aside), you’ve added genuine net wealth.If you buy the exact same house 100% with borrowed money (zero down payment), you still “have a house” — but you’ve added an equal asset and an equal liability. Net
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