37% of the government’s total reported assets are student loans, which is now considered one of the most precarious bubbles in finance.
But that's OK, since uncle satan doesn't ever borrow money...
On the other side of the equation are a reported $21.5 trillion in liabilities, giving the government an official net worth of negative $18.2 trillion.
This is down from last year’s negative $17.7 trillion and $16.9 trillion the year prior. It just keeps getting worse.
My bad.
Bottom line– if this were a private company, Barack Obama and Jack Lew would be wearing dayglo orange jumpsuits in court while facing felony fraud charges.
