Who would buy it? It would have to be someone with more money in the entire world. combined. Otherwise, it would not cover the unfunded debt of 70 to 120 Trillions.
Oh, of course Murcowski would be out of a job... and Reed (Sick!) would be in power forever.
posted on 12/15/2012 10:41:26 AM PST
(When people fear government there is tyranny; when government fears people there is liberty)
Forget about the spurious 'unfunded debt' computations for a moment, Alaska and its offshore economic zone is probably worth several hundred trillion dollars spun out over a couple of centuries ~ EASY!
So is the intramountain West, the Southwest, the Southeast, and certainly all of the states underlain by Pennsylvania limestone.
One of the reasons we have foreigners continuing to stash dollars in US treasury securities is they really do expect us to be around tomorrow, and the next day, and maybe 50 to 100 years from now. That's because we have enough untapped energy, mineral and other resources owned directly by the federal government that we can meet all demands on debt for the indefinite future.
WE ARE RICH BEYOND THE DREAMS OF AVARICE!
posted on 12/15/2012 11:00:17 AM PST
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