Is the US government worth its debt?
By P Alfonso on Jul 31, 2011 | In 1. The Nation
Here is another way of looking at the US debt.
The entire continental USA has 3,794,083 square miles.
Each square mile contains 160 acres, thus our nation consist of 607,053,280 acres.
If we were to auction the entire nation in order to pay our existing debt of $14,300,000,000,000, ($14.3 trillion) an acre of land to have to be valued at $23,556.
If we were to estimate the price of an acre against our unfunded liabilities of approximately $120,000,000,000,000 ($120 trillion) then an acre of land would be valued at $197,676.
But of course the above would include privately owned land.
The US only owns 650,000 acres of land in which case just to pay the $14,300,000,000,000 debt and acre of land would have to be valued at $22,000,000 ($22 million).
So when we hear about the US credit ratings ask yourself: Is the US government worth its debt?

We should get off our knees, get our pride back, and live within our means.
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