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So let me get this straight. Their claim is that because our collective net worth can cover our collective debt that we’re not broke?

I assume this isn’t satire and wasn’t intended to be a joke. The only response I can post without getting censored by the moderators is: WTF?!

(I am not an economist. I did not major in economics. And I most certainly did not sleep at a Holiday Inn Express last night.)

Technically speaking the writer of the story is correct, we are not "broke" i.e. we are not insolvent where our debts exceed our net worth. We have cash flow issues, not enough liquidity to cover our current expenditures. The article is misleading from that perspective.

As a another post stated, we could in theory liqudate $14T in assets, private and public, to create liquididty to pay the debt. I know some states are doing just that; selling or leasing public property such as toll roads to private companies to create temporary cashflow. Unfortunately that is much like a junkie pawning off his favorite guitar for his next fix...short term it works but it doesn't address the underlying systemic issue - the US economy is not creating sustainable cash flow.

I assume this isn’t satire and wasn’t intended to be a joke. The only response I can post without getting censored by the moderators is: WTF?!

It must be satire. Look at the last sentence: But, ultimately, the resources are there and as we are increasingly finding out, so too is the political will