{"id":3667,"date":"2010-10-22T13:13:31","date_gmt":"2010-10-22T21:13:31","guid":{"rendered":"http:\/\/simonburrow.com\/\/?p=3667"},"modified":"2010-10-22T13:24:33","modified_gmt":"2010-10-22T21:24:33","slug":"positiv-accounting","status":"publish","type":"post","link":"https:\/\/simonburrow.com\/?p=3667","title":{"rendered":"Positive Accounting"},"content":{"rendered":"<p>Last week in my blog post, <a href=\"http:\/\/simonburrow.com\/\/archives\/politics\/pensions-are-not-free\" target=\"_self\"><strong>Pensions are not Free<\/strong><\/a>, I was pretty hard on the accounting profession and worried about our national pension liability.<\/p>\n<p>This is another, more positive way to think about it:<\/p>\n<p>The Federal Government has a debt of about twelve <strong>trillion<\/strong> dollars.\u00a0 Which sounds like a lot.\u00a0 But if you do the math is about  forty thousand dollars per person.\u00a0 The debt is like a mortgage on the  national wealth.\u00a0 In this light it doesn&#8217;t seem to be unusually highly  leveraged.\u00a0 What are the Federal\u00a0 Governments assets worth?\u00a0 It is hard  to tell since they are not liquid and many of them are intangible.\u00a0 What  is our &#8220;rule of law&#8221; worth? How much would it cost to rebuild the  interstate highway system?<\/p>\n<p style=\"text-align: center;\"><a class=\"tt-flickr tt-flickr-Small\" title=\"ATT54923\" href=\"http:\/\/simonburrow.com\/\/photos\/photo\/4818427595\/att54923.html\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"https:\/\/i0.wp.com\/farm5.static.flickr.com\/4137\/4818427595_1e5de683a5_m.jpg?resize=160%2C240\" alt=\"ATT54923\" width=\"160\" height=\"240\" \/><\/a><\/p>\n<p style=\"text-align: center;\"><em>A billion dollar dam?<\/em><\/p>\n<p>But there might be a lot of people who would pay much more than $40,000 to move here.\u00a0 It seems that our birthright gives us a very good deal.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Last week in my blog post, Pensions are not Free, I was pretty hard on the accounting profession and worried about our national pension liability. This is another, more positive way to think about it: The Federal Government has a debt of about twelve trillion dollars.\u00a0 Which sounds like a lot.\u00a0 But if you do [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[11],"tags":[311],"class_list":["post-3667","post","type-post","status-publish","format-standard","hentry","category-politics","tag-politics"],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p99jGb-X9","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/simonburrow.com\/index.php?rest_route=\/wp\/v2\/posts\/3667","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/simonburrow.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/simonburrow.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/simonburrow.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/simonburrow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3667"}],"version-history":[{"count":8,"href":"https:\/\/simonburrow.com\/index.php?rest_route=\/wp\/v2\/posts\/3667\/revisions"}],"predecessor-version":[{"id":3731,"href":"https:\/\/simonburrow.com\/index.php?rest_route=\/wp\/v2\/posts\/3667\/revisions\/3731"}],"wp:attachment":[{"href":"https:\/\/simonburrow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3667"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/simonburrow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3667"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/simonburrow.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3667"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}