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To: Toddsterpatriot
By national debt, that counts in all debt owed. If you're going to count all assets, nationally, that is assets owned by both the public and private sectors, then you need to count up the whole of the national debt.

As of this year, the Federal government debt is: $8.2 trillion
House Hold Credit card and Auto loan debts are $2 trillion + but we'll just round to $2 trillion.

House Hold Mortgage debts are around $8 trillion
That's $18.2 trillion on Federal and House Hold debt.

The remainder is eaten up between corporate and state/municipality debt.

46 posted on 01/05/2006 10:13:51 PM PST by jb6 (The Atheist/Pagan mind, a quandary wrapped in egoism and served with a side order of self importance)
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To: jb6
By national debt, that counts in all debt owed. If you're going to count all assets, nationally, that is assets owned by both the public and private sectors, then you need to count up the whole of the national debt.

Sorry, the $51 trillion was households only. That's household assets minus household debt equals $51 trillion.

48 posted on 01/05/2006 10:34:19 PM PST by Toddsterpatriot (How much for the large slurpee?)
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