[GoldenMonkey]

What I never hear with our unprecedented US debt. Currently at 120% of US GDP. Is how much wealth and assets the federal government owns.

Just in land assets - The Federal government owns 640 million acres of land. Including 47% of all the land in the west. 60% of Alaska is owned.

For example, if an individual owes 120% of their year income. Is it that bad, when that individual owns assets valued at 5-10x that?

Would the US sell off these assets? Probably not. But, it is an option. And they could sell some of these to US citizens or to the states.

But, the Federal government is incredibly asset wealthy in comparison to a simple debt vs GDP ratio.

[Jensson]

> For example, if an individual owes 120% of their year income

The government doesn't have GDP as income like an individual. An individual can easily cut down on spending without impacting their income, they can eat cheaper, consume less, move to a smaller place and still keep the same job. The same doesn't apply to countries, if the US government starts to cut down on expenses you will see that GDP figure go down a ton as well causing a massive economic crash.

[bhag2066]

Was about to say the same thing. If you wanted to make this comment a better but not perfect comparison is the US federal budget which was $6.2 trillion in 2023. Debt is $34 trillion making the ratio 550%.

Of course the US government can't spend their entire budget on debt servicing and repayment, just like a household.