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Subject:  regarding the national debt Date:  9/25/2021  9:58 AM
Author:  alstroemeria Number:  2363631 of 2381071

from Zenger sand the Votemaster at

...when you apply for that mortgage, the bank also asks about additional assets you own, like jewelry or stocks or a vacation house. Well, the federal government has assets, too. It obviously owns all the government buildings, and all the military equipment, and lots of roads and highways and bridges, and so forth. It's also far and away the largest landholder in the country; if the government could just sell the land it owns in California at market rates, that alone would raise enough to pay the entire debt off. That obviously can't happen, since flooding the market with supply would drive costs way down, but it's a useful way of illustrating that the federal government has assets well beyond just its annual income. In fact, its assets have a total value of about $270 trillion, or close to 10 times the national debt.
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