Profile image
By Global Macro Monitor
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

Is the U.S. Government Bankrupt? Not Even Close.

Thursday, March 30, 2017 19:58
% of readers think this story is Fact. Add your two cents.

(Before It's News)

We often hear the meme “the U.S. is the next Greece.”   “The government is insolvent.”  Complete nonsense.

We tend to focus too much on the right side of the government’s balance sheet and not the left side — the federal government’s assets.   This is not to downplay the seriousness of the debt issues – current, future, and off-balance sheet obligations – and the need for a long-term viable debt solution.

Just take a look at the chart and tables below, however, which we snagged from the Big Think, of how much land the federal government owns, especially in the west.   Almost half of the land in California and more than 80 percent of Nevada.  Stunning.

Then there are the mineral rights.  Time magazine cites an International for Energy Research report that the U.S. government owns,

Oil and gas resources on and offshore worth $128 trillion

That is several multiples of the current national debt.

President Trump has even mentioned selling off the government assets to reduce debt. Marketwatch recently reported,

Which brings us to one of the president’s more intriguing ideas: why not sell off some of those rights and pay down part of the debt?

Candidate Trump sold this in his usual simplistic terms: I’m a real estate guy, I know how to make the deals. We pay down the debt while putting Americans back to work in the oil and gas industry. We become energy independent and screw the Middle East. What’s not to like? – Marketwatch

What a great Ph.D. dissertation topic — measuring the U.S. government’s new worth by calculating the market value of all its assets.


Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.