Wealth is certainly not limited to cash. The case presented was and is restricted to government debt and wealth. Specifically the Federal government. A very diverse portfolio, especially land and untapped resources. What is the value of our National Park System, which uses less than 8% of Federal owned lands?
Let me know when you move to outer space. I have a guy who sells tickets for NASA flights.
Learn how to not take all that is written literally. Sarcasm has a purpose.
China is an excellent case in point. A population of almost 1.4 billion, a middle class of about 300 million. Meaning still more than a billion people living in poverty.
There are still people suffering hunger in the US. Mean teacher salaries are at an all time high in the US, more so when including benefit packages. There has been no reduction in Medicare or Medicaid budgets, payments or coverage, all of which are continuing to expand despite the political brouhaha. Yet, our military needs more expensive toys. Stop worrying about American astronomers who want to tour outer space. They will fly on Tessla, Amazon and other commercial ventures at lower costs than government can provide. No doubt Apple Inc. will supply AI software pilots. Apple Spacecare.
Now back to how that debt actually effects your daily life?
Wealth is not limited to cash , but ya gotta admit if you are a working person with a could paying job cash really comes in handy around when those bills come to your door and on April 15th.. That national park system is very beautiful just visited one myself , but no matter how beautiful it is it don't pay the rent. .
In the 60's during the space race I could have discussed outer space with you , however today since they did cut NASA funding I guess I'll wait till another country goes to another planet. I say this not because I have anything against the U.S.A.. I love my country but where is the progress where are the risk takers of America today.
Ah , sarcasm that's just my game . Now I could discuss my area of this great economic system America has but that would be complaining on my part.
So I'll keep this simple How much money does America "a capitalist country owe China "a communist country"? How many vets from Afghanistan Iraq are homeless and did their benefits get cut yes or no ? Just a few questions more how many American citizens how living below or an eyelash above poverty?
Perhaps but China does have free healthcare and if you are smart enough free college. China out sold American products in a lot of products check out any Walmart.
Some people don't like Walmart because mostly Chinese products and cheap salaries. However, is the American Auto industry any better outsource your job close down the factory because business is business. However a customer can buy from who they choose that old "be patriotic buy American "kinda left with the jobs
There are more than a few homeless in America and hungry. As far as teachers salaries at an all time high might want to research a place called Wisconsin.
I can not believe I am the only one that fact checks on this thread. Try fact checking medicare and medicaid and where they fit into the new budget?
You do know what a fact check is don't you? Perhaps you are one of those that go to one site or listen to one news station and say well it must be true?
You listen , you check you cross check you confirm.
I'm not worrying about outer space American leaders are no longer interested in reaching for the stars, they are too busy handing out tax cuts., research grants and subsidies to the rich.
As far as flying with a private corporation no thanks their track record ain't that good look at GMC , Freddy Mac , Fanny Mae that's not counting the loans and banks so I'd rather have a government controlled to tour outer space..
Well in 2007 the #1 technical advancement was an Iphone since then I ain't heard nothing but upgrades so where is the progress in America today? It's almost 2020 and it's not like American taxpayers "the ones that's working at a good salary" are not paying , it's not like America hasn't got any debt so where are the new fresh line of of the prototypes that can be moved on to the processing point???
eace