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To: Starwind
The $100,000/person is derived from the additional promises to pay SS, medicare, retirements, etc. Some estimates put that commitment figure at $44T which yields $146,000/person.

$124K per person is the figure that I've seen.

GAO Chief Refuses To Stop Doing the Math

23 posted on 02/04/2004 7:57:14 PM PST by Willie Green (Go Pat Go!!!)
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To: Willie Green
Any discussion of debt and deficit is meaningless without discussing assets. The assets of the federal government and the local and state governments is is never discussed. How much land does the federal government own?

Locally, Eglin AFB has about 500,000 acres, including some of the prettiest beach property you ever want to see. Down the road is Blackwater State Forest and Conech National Forest. How much is all that worth? How much are the buildings and airfields worth? If you go out west, the federal government seems to own most of the land. What's the value of that? How much are the buildings in Washington, D.C. worth? What's the value of the national parks?

The point is that we always talk about how much the government owes without talking about how much the government owns.

In evaluating a company or individual, we look at assets less liabilities to find how much the company or individual is worth. If we did that with America, we'd find out that America is worth a heck of a lot more than the national debt.

31 posted on 02/04/2004 8:33:35 PM PST by FLAUSA
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To: Willie Green
$124K per person is the figure that I've seen.

The truth is that there isn't even a way to calculate the genuine total. No one knows how, they just use the best guesses they can come up with to estimate it well enough to have something to talk about.

32 posted on 02/04/2004 8:53:38 PM PST by templar
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