We write a lot about the US government’s dismal financial condition— $36.2 trillion in #debt, $1.1 trillion in annual interest expenses, and a $1.8 trillion annual deficit.But in today’s #podcast we take a closer look at the numbers and the government’s actual balance sheet as if it were a business, including all of its assets and liabilities.The government doesn’t just have debt. Offsetting that debt is a pretty substantial pile of cash, financial assets, and other resources like land or gold.Some of these assets are significantly undervalued and worth trillions of dollars more than what the government reports.So we dove into the numbers today to determine what the government’s actual “net worth” is, i.e. if you add up all the assets and subtract the liabilities (including the debt).Spoiler Alert: Uncle Sam’s net worth is horrifically bad… on the order of MINUS $100 TRILLION.
