Replies to post #29409 on The Rising Influence of Rising Affluence

[DewDiligence]

If one created a GAAP-like balance sheet for the USA—listing both the USA’s assets and its liabilities at fair market value—the enormous federal landholdings and other fixed assets would offset much of the debt. True, the fixed assets are not liquid, but some portion of the fixed assets could be monetized if push came to shove.