Originally Posted by NemesisX
Well yeah as a function of GDP our debt is > 100% annually, but by wealth I meant overall net worth. The collective net worth of U.S. households is something like $60 trillion, and our total debt is what, something like $14 trillion?
unless the state plans to plunder the rich, the $60 trillion household worth doesn't seem that useful. one phone call and most of that can be moved in seconds. america's gdp is square with its debt, the problem is pork.
though interesting to note, the rothschild family is estimated to be worth at least $100 trillion. perhaps america will be for sale sometime soon.