My Uni and my ISP ended newsgroups, so your idea not quite so viable...

I am simply amazed that more people don't care about total cumulative debt, but in the US it seems to be a concept lost on most people.

Maybe my exposure to less complex finance systems in

  • Australia
  • Canada
  • NZ & Fiji
  • Malta (have not visited, but would love to see it)

has spoiled me on the idea of knowing every cent of equity and debt that a nation has.

Obviously, I do care about government debt and deficits -- but the nature of many modern debt fueled economies is that entities besides the government can accumulate vast debts.

Nations that have some equity in their economies (like classical trading nations) are less immune to finance meltdown problems than economies totally run on debt. Classical trading nations post-1945 don't typically have global reserve currencies, but having or not having a reserve currency is not the thing that makes or breaks a classical trading nation.

A relative of mine says that I have cost the US government (at all levels) some 3.2 Million USD, but my computations only come to around 1.25 Million USD. My highest plausible GAAP number found was 2.11 Millions, as usual accounting for indirect costs and lifetime costs is the fly in the ointment.

Ironically it is illegal for me to work in the US due to country of origin issues coupled with parents being US nationals.

I find the intersection between "being that costly" and "not being permitted to work so that I might pay taxes" a sign of a beyond totally failed state, but not the honorable kind like Afghanistan.

The US has succeeded in running itself totally on debt (and total systemic corruption). The obvious penalty will probably be an economic implosion. Sadly, this will ruin the economies of many classical trading nations that are tied to the US finance system, directly or indirectly. In this case Australia, Canada and NZ will be very sickly while the US economy is in its deathbed.