And Who is Uncle Sam’s Largest A$$? That’s a toss-up.
Michelle has this one down.
China ought be willing to loan us more money to expand the student loan program. After all, creating a few million more American liberal arts graduates will get them closer to achieving their geopolitical goals than any amount of military spending they could engage in as an alternative. :)
This is all money that has been funneled to the university elites through student fees.
The only asset this country has is the taxpayers. All other are liberal liabilities.
Funny that the balance sheet doesn’t include property, plant and equipment. In which case it’s meaningless. The fedgov owns 30% of the total landmass of the US. That’s 650,000,000 acres, and is mostly in the west. 45% of CA for example is owned by the feds, 85% of NV, etc. IOW, my simple strategy is that the feds sell land to pay off the national debt. That and massive cuts which get fed spending below 10% of gdp. What that means is the end of socialism security and other so-called entitlements (all they are is unconstitutional [and in many cases immoral] wealth transfers in any event).
The Fed Balance Sheet: What Is Uncle Sam's Largest Asset?Just from the Headline my first thought was of something not in any of the 'Asset' charts, to wit: Land and Mineral Values
With all the land that the US Gubmint 'owns' (stolen from the states) and all the minerals on or in them: from Copper, Silver, and Gold, to Oil, and even the Lumber on the land -- I'd think that would be the biggest 'asset'. It just isn't in cash.
3. assets,Now just because the Gubmint doesn't use those assets doesn't change the definition of them or make them worthless and not an 'asset'.
a. items of ownership convertible into cash; total resources of a person or business, as cash, notes and accounts receivable, securities, inventories, goodwill, fixtures, machinery, or real estate.
b. Accounting . the items detailed on a balance sheet, especially in relation to liabilities and capital.
c. all property available for the payment of debts, especially of a bankrupt or insolvent firm or person.
d. Law . property in the hands of an heir, executor, or administrator, that is sufficient to pay the debts or legacies of a deceased person.
Student Loans are how Socialists enslave people.
Put stupid students in debt and then promise removal of the debt if they vote for Obama.
The largest asset the U.S. has is its selfless men and women serving daily in the Armed Forces that protect our freedom. Despite the liberals attempts to sell it off to the highest bidder.
Uncle Sam’s largest asset is the American people.
What about the land they have stolen from the people? Government should no own land.
LAND
No wonder Obama wants everyone in college.
No one should get student loans.
Biggest asset used to be its work ethic. Per capita, it’s been steadily dwindling.
The major tangible asset that WE THE PEOPLE own is all the federal land locked up by varous special interest legislation.
Trillions of dollars in loans and handouts that will never be paid back may be considered as assets by government accountants but realistically that is money gone forever and should be written off.
Most of that money will go back to the Democrats in Congress as campaign donations, hence more loans hence more money, etc.
I would have thought that Federal Lands would be the largest asset - or don’t they count that ?
None of the above. It’s the State of Alaska.