Funny that the balance sheet doesn’t include property, plant and equipment. In which case it’s meaningless. The fedgov owns 30% of the total landmass of the US. That’s 650,000,000 acres, and is mostly in the west. 45% of CA for example is owned by the feds, 85% of NV, etc. IOW, my simple strategy is that the feds sell land to pay off the national debt. That and massive cuts which get fed spending below 10% of gdp. What that means is the end of socialism security and other so-called entitlements (all they are is unconstitutional [and in many cases immoral] wealth transfers in any event).
Am I the only one who believes that title of public lands in the federal territories should have passed to the states, when they became states?
Agreed. It would be good to see a financial analysis of the federal government, including all property owned, using generally accepted accounting principles. Let’s see the balance sheet side of things, and see what the actual value of assets minus liabilities really is.
Why does the federal government own 85% of Nevada? How did that come about? Especially in a time of trillions in debt, shouldn’t we look at selling off assets?
bttt