in the world
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A fact that is seldom mention is that the rest of the countries in the world owe the US $15.3 Trillion Dollars.
Subtract that from the $18.4 Trillion that we owe the rest of the world and that leaves us a NET foreign debt of $3 Trillion
The US has assets of at LEAST $269.6 Trillion, which is 1576% of GNP
The US national debt is $19.84 Trillion, which is 105% of GNP but only (19.84 / 269.6 = .07407 ) or 7.4% of our Assets
For purposes of comparison.
A home that cost $200,000 will have a mortgage of less than $1,000 (plus taxes and insurance)
1,000/200,000 = .005
Math is hard, check my math...but I don't see a problem.
BUT
If there is one..
The rest of the world owes the US $15.3 Trillion.
A solution occurs to me.