posted on Sep, 25 2008 @ 11:17 PM
The government has a debt ceiling of around $9.4 trillion, most of which has been spent. In terms of actual cash, the Fed Res claims there's not all
that much, far far less than the dollar value of the economy (thanks to fractional reserve lending and electronic banking). The total U.S. economy, as
per that link above, is just over $14.5 billion, but that's the entire economy. The federal government has an budget of $2.9 trillion for fiscal
2008. The federal tax revenue for 2008 was about $2.5 trillion. If you add in other expenses like Social Security I've heard the total debt comes to
about $60 trillion, but that's speculation. There's also the rumored "black budget" but no figures exist for it.
Anyway, the total amount of valuable assets under U.S. control (everything of value on or in US territory) has to be worth at least $50 trillion.