Showing posts with label US Assets. Show all posts
Showing posts with label US Assets. Show all posts

Saturday, February 15, 2014

US Assets Outweigh US Debt

The next time you here someone blow a bowel over federal debt, show them this.
  • More than 900,000 separate real assets covering more than 3 billion sq. ft. 
  • Mineral rights, on and offshore, covering 2.515 billion acres of land, more than the total surface land in Canada -45,190 underutilized buildings, the operating costs of which are $1.66 billion annually 
  • Oil and gas resources on and offshore worth $128 trillion, roughly eight times the national debt of the country
This doesn't even include all of our military resources. Add that in and all of the obsessive focus on our debt is seen clearly as being irrational and hysterical. Even the Heritage Foundation agrees.

So, given these very simple facts, it seems that some folks have been trying to pull the wool over our eyes (see: lying) simply because they have a pathological hatred of the federal government (see also, unresolved issues with parents, authority, massive insecurity) and can't admit when they are wrong.