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what do you think is the largest class of assets owned by Uncle Sam?
Posted on 10/20/18 at 4:12 pm
Posted on 10/20/18 at 4:12 pm
quote:
Pop Quiz! Without recourse to your text, your notes or a Google search, what line item is the largest asset in Uncle Sam's financial accounts?
A) U.S. Official Reserve Assets
B) Total Mortgages
C) Taxes Receivable
D) Student Loans
quote:
Student loans may be a liability on the consumer balance sheet, but they constitute an asset for Uncle Sam. Just how big? It's 44.0 percent of the total Federal assets. This is 9.8 times larger than the 4.5 percent for the Total Mortgages outstanding and 2.7 times the size of Taxes Receivable at 16.6 percent.
LINK
16
Posted on 10/20/18 at 4:14 pm to NYNolaguy1
Thanks Obama
Posted on 10/20/18 at 4:15 pm to NYNolaguy1
Democrats
Posted on 10/20/18 at 4:21 pm to NYNolaguy1
So dumb
And can almost guarantee the next Dem president will forgive them all unless you are in the top 10% or so
And can almost guarantee the next Dem president will forgive them all unless you are in the top 10% or so
This post was edited on 10/20/18 at 4:21 pm
Posted on 10/20/18 at 4:23 pm to NYNolaguy1
I'd say 640 million acres of land that it owns.
Posted on 10/20/18 at 4:24 pm to NYNolaguy1
Federally-owned land
Posted on 10/20/18 at 4:26 pm to Homesick Tiger
quote:That was my first thought.
I'd say 640 million acres of land that it owns.
ETA - except the graph is for "Financial assets"
This post was edited on 10/20/18 at 4:30 pm
Posted on 10/20/18 at 4:33 pm to Diamondawg
quote:
640 million acres of land that it owns
Can you imagine the natural resources alone? If we absolutely HAD to start using that land for resources, student loans would quickly be gone from that top spot. Oil, minerals, gas.....nice little fallback plan.
Posted on 10/20/18 at 4:34 pm to NYNolaguy1
I would have thought it would be federal land. Seems like they could sell what they own for a good chunk of change.
eta: $23 trillion
eta: $23 trillion
This post was edited on 10/20/18 at 4:35 pm
Posted on 10/20/18 at 4:43 pm to NYNolaguy1
This doesn’t have disaster written all over it
Posted on 10/20/18 at 4:45 pm to NYNolaguy1
That’s fricking terrifying
Posted on 10/20/18 at 4:45 pm to Big_Slim
Holy Moly, large % of this generation is going to be poor.
Posted on 10/20/18 at 4:59 pm to Homesick Tiger
quote:
I'd say 640 million acres of land that it owns.
Posted on 10/20/18 at 4:59 pm to Tiger Roux
quote:
Holy Moly, large % of this generation is going to be poor
That was the intent.
Posted on 10/20/18 at 5:04 pm to NYNolaguy1
Where did uncle get that money to buy those loans under Obama? From us.
Posted on 10/20/18 at 5:15 pm to NYNolaguy1
How are student loans an asset, if the government is just the guarantor?
Perhaps I am mistaken, but I thought banks loaned the money and the government provided the guarantee.
Perhaps I am mistaken, but I thought banks loaned the money and the government provided the guarantee.
Posted on 10/20/18 at 5:22 pm to Homesick Tiger
quote:this mainly bc of mineral rights and minerals
I'd say 640 million acres of land that it owns.
Posted on 10/20/18 at 5:48 pm to airfernando
Some of you discussing land are missing the point
Posted on 10/20/18 at 5:50 pm to Bjorn Cyborg
quote:A banker might could answer that for us but to me, if there was ever a discussion of the government was considering forgiving student loans, then they would have to own it. So, maybe the guaranteed loans were guaranteed in the fact that the money came from the government to start with but the banks were just 3rd party administrators of handling the disbursement and collection. Either way though, the government has destroyed higher education by running the cost of college up and doling out money to people that never, ever needed to be in college.
How are student loans an asset, if the government is just the guarantor?
Perhaps I am mistaken, but I thought banks loaned the money and the government provided the guarantee.
Posted on 10/20/18 at 7:25 pm to Diamondawg
quote:
Can you imagine the natural resources alone? If we absolutely HAD to start using that land for resources, student loans would quickly be gone from that top spot. Oil, minerals, gas.....nice little fallback plan.
We also own some of the largest chunks of offshore territorial rights in the world.
During Reagan, we signed an international agreement with claims to X number of miles off our shoreline. We have rights to several islands in the Pacific, each one with rights that stretch for miles around them.
In terms of this Exclusive Economic Zone, we are second only to France.
Now if there are any precious metals around those Pacific Islands like they just found off the coast of Japan.....
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