The net worth of the US comes in at negative $21.5 trillion.
This according to the Financial Report of the United States Government recently released by the Treasury Department.
The report is a summary of the financial condition of the United States. In a nutshell, it’s less than ideal.
Total net worth — the country’s assets minus its liabilities — is just one of many disturbing data points you will find in the report.
The US government owns $3.8 trillion in assets. The largest asset is $1.4 trillion in “net loans receivable.” These are primarily government-backed student loans totaling $1.08 trillion. In an article published by Sovereign Man, Simon Black it neatly into perspective.
“In other words, the government’s #1 asset is the debt owed to it by young people across America. That’s pretty sad.”
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I call BS. The federal government's most valuable asset, by far, is it's right to levy and collect taxes. It is virtually unlimited and can not be overestimated.
ReplyDeleteWell real conservatives don't pay much taxes. That's the whole point. If you are paying you might as well be a Democrat.
ReplyDeleteIt has a lot of postage stamps, too. 😉
ReplyDeleteAnd people want the Gov. to take over more things in their life--Ridiculous!
ReplyDeleteAnd democrats want to keep spending. Imagine when their buddies at the banks call our loans and take everything we have...legally.
ReplyDelete