livefreeordie, You, as so many trolls who visit us, are obviously proud members (though you don't understand you obviously are) of the sucked in by conservative talking points propaganda club. The SCTPP. One shot of evidence for that is that you ignore factual rebuttals of your CTPP disease, as you ignored this one on your federal debt scare CTPP point:
[...] And you aren't broke.
In contrast, the financial health of the United States is relatively healthy within the context of the total value of U.S. assets.
A much different picture appears once one looks at the underlying asset base of the private and public economy.
The total debt of U.S. governments (federal, state and local) is $33.6 trillion, with the federal portion accounting for $31.4 trillion. At first glance, that figure underscores the argument to cut back on spending and the need for a periodic crisis to create the conditions for spending restraint.
But once you consider that figure within the context of the total economy, you obtain a very different outcome.
Total government debt comprises about 23% of total nonfinancial assets of $143.6 trillion. That implies that the U.S. economy—despite large nominal private and public debt—sits on an asset base four times larger and an economy that generated a nominal gross domestic product of $26.4 trillion through the first quarter of this year alone.
That's very roughly a debt to equity ratio of .22. That means your federal debt is less a worry .. https://www.investopedia.com/terms/d/debtratio.asp , than it is a negative conservative talking point.
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