b gates
2008-07-20 00:08:23
(This may turn up as a double post, sorry.)
we’re talking about a total asset base of about $90 trillion dollars
We are? Where did that number come from? The only thing I can find is your own article claiming that “we’ve got something like $162,000 in individual share of the national debt — but we’ve got something like $300,000 share of the national wealth.” OK, $300,000/person x 300 million people = $90 trillion assets. But $162,000/person x 300 million people = $48.6 trillion in debt. Are you getting your asset number from somewhere else, and saying debt is $10T at the high end (“nutty”, even)? Or was that debt article the source for your $90T, in which case the debt number is close to $50T?
