Reply #63: One more time.......!

[suston96]

If people can add up the national debt and partition it for that golly-gee-whiz gut grabber 37,000 dollars per person, then it is only appropriate to add up the national wealth - the national treasures and do the same thing - and then balance the debt with the assets - which yields the national net worth of the United States.

The national debt is the cumulative total of annual deficits and surpluses. When you consider that debt you must position it against the national wealth which is everything we own as a nation and not necessarily what individuals themselves own or owe.

For example I believe We, the People, own a major portion of the state of Nevada, for one. Add up all the other so called government land and national parks and public buildings and the rest and then compare it with that infamous trillions in national debt.

The national debt is indeed a problem because we, the taxpayers, have to pay interest on that debt, something like 500 billion per year. The best way to attack the debt is to balance the annual budgets. It can be done. Bill Clinton had three successive years with surpluses and he actually made two payments, several hundred million dollars, on the national debt.

I propose that we stop the hand wringing and breast beating and tell Obama and Congress to balance the annual budgets - NOW!