OT/Value of USA

northener · Nov 24, 2008

I just heard on the Buffalo news that the US will be 1.3 trillion in the red for this fiscal year. The budget is just over 3 trillion for this year.Does anyone know just what is the dollar value of the USA. Whenever a banker asks your debt he always asks your value.

Anonymous-0 · Nov 24, 2008

That's a good question. I'd think it would vary hour by hour. For instance, if you own real estate invest trust shares, they've been dropping like the stock market. How can you put a bottom line value on the entire country, doesn't it depend what people will pay at the time?

IH2444 · Nov 24, 2008

I dunno the value of tyhe USA, but I just read that we have comitted over 7 trillion dollars to bail out bad businesses.

Now how much would that be divided up per person and how long could we live off of it ?

Dave from MN · Nov 24, 2008

This land is priceless. It's honest, hardworking patriotic citizens are priceless. That's all I will say.

Anonymous-0 · Nov 24, 2008

speaking of realestate I dont like the idea of the gov helping prop up the overinflated realestate prices that exixt because of the speculaters who want to get rich by buying overpriced realestate and then selling it a short time later for a even more unrealistic price that is just way more that the realestate should sell for. I say let them fall on their face and let the prices come down to a true value where a working man can afford it.

Anonymous-0 · Nov 24, 2008

I agree, let the market decide. Today the news says Citibank's getting more bailout money, and they have a $400 million contract to put their name "Citipark" on a new stadium in N.Y. On taxpayers' money? Has the government asked the banks if they have private jets?

buickanddeere · Nov 24, 2008

The nation is no longer, young vigourous or ambitious. It's old,fat,indulgent,lazy and trying to coast along on past glories.
It's a normal cycle for nations. Start off with nothing and all beat up. Work long and hard. Achieve glory & splender. Get fat and lazy. The nation lands on it's backside with nothing. The cycle starts again.
Human nature hasn't changed since the dawn of recorded time.

tlak · Nov 24, 2008

Probably could have easily given each citizen a 100K. Wouldn't that have bailed everybody out. The banks for all the people who paid off their CCs or mortgage. Wall Street from all the people who weren't hurting and would invest. And all the companies by all the stuff that would be bought.

kyhayman · Nov 24, 2008

Infinite value since the government has the infinite ability to print money.

At what point that money becomes worthless is a moving target. When we were a fat, lazy, has been world power bogged down in an expensive and unpopular war with stagnant growth, and financing our extravagence with debt we werent a very good bet, hence the takeoff in inflation. Now that the global economy is in the tank and we are the safest bet in town, people all over the world are beating down the door to own 3 month T-bills. Nothing changed but perception. Sort of like supply and demand..... its rarely supply and demand that drives prices, its the perception and predicition of supply and demand.

As to where this leaves us, I read a really good article on that. Trying to remember what it was in. They said something to the effect that as long as we were the safest economy in the world we could borrow/print money infinitely. Its at the point we cease to be that the entire house of cards collapses.

rrlund · Nov 24, 2008

Don't you wish there was some unexplored land somewhere that we could board a ship and go to,the way our ancestors did to come here for freedom? This was the last chance on earth and we flushed it down the toilet for another worthless socialism.

rusty machinist · Nov 24, 2008

The Value of the USA is whatever the citizens decide the freedom is worth. The politicians are destroying the country with their bribes, kickbacks, bailouts and of course the government debt. The gov. debt is soooooo sickening, pork and more pork with our money. I would be nice to have a reset button for all the crooks in Wash. DC. Push Reset and Whammo-----All new people in Washington.

trucker40 · Nov 24, 2008

I dont know what number you could put on it,but I know whatever the number is,its a lot more than anybody elses country.Our country is a long ways from "socialist".

JDemaris · Nov 24, 2008

Very well said. There are still plenty of hard working, and innovative indivuals, but collectively, this country has totally lost it. It's a shame - especially since history gives us ample warning.

Anonymous-0 · Nov 24, 2008

$7,000,000,000
--------------- = $ ...... per person

300,000,000

Does that look right.?

Anonymous-0 · Nov 24, 2008

...not sure, but I think you're missing 3 zeroes ...D

GeneMO · Nov 24, 2008

"It takes millions to win a war, to loose one, it takes all you got"

I think Patton said this during WWWII. It could have been McArthur. But you get the point.

The USA is worth "All we got"

What is it worth to keep what we have? "All we got"

Gene

Anonymous-0 · Nov 24, 2008

The projected 2008 USA Gross Domestic Product is 14.3 trillion dollars, this figure is supposed to represent the federal Tax base affecting individual and corporate income taxes, it includes wages paid, value of manufactured goods and consumer spending. Federal revenues from taxing the components of the GDP normally run 15 to 20%. Tax revenues increase beyond the percentage increase in GDP when employment and productivity is high simply because there is more turnover of money. The statement about the USA being fat and lazy is ridicoulus. There is a large percentage of the population that is fat, lazy and stupid, -- happily enslaved by power mad liberals promising a piece of someone elses pie in exchange for a vote.

Anonymous-0 · Nov 24, 2008

The worst part is they got the votes bought this time. Already hear one promise going away; Taxes might have to stay the way Mr. Bush left them for the good of the economy, maybe wiser heads will prevail.

RodinNS · Nov 24, 2008

Yep...
I was reading something, somewhere, not so long ago to that affect. I believe there are 7 stages to that cycle. I believe apathy was the sixth and collapse the seventh. The column I read suggested that 'our' civilization is somewhere in the early apathetic stage. I believe it pegged most major dynasties throughout recorded history at around 200 years of age before they imploded...
So where does that leave us?
tick, tick, tick....

Rod

Anonymous-0 · Nov 26, 2008

Your right, more for the masses.

OT/Value of USA

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