>What kind of assets? If the U.S. were a private business, standard accounting would count all the federally-owned land (from national parks to post offices),

>What kind of assets? If the U.S. were a private business, standard accounting would count all the federally-owned land (from national parks to post offices), buildings, machinery, vehicles/boats/airplanes, and intangibles such as national databases and various intellectual properties. The valuation of many of these assets starts with what they cost to acquire or create, in some cases decreased by depreciation (but not land). After all, in the past countries such as France and Russia sold huge tracts of land to the U.S. Why someday couldn't the U.S. sell some land, to convert an illiquid asset into a liquid one if necessary? "The federal government owns about 640 million acres (2.6 million km2) of land in the United States, about 28% of the total land"[0] [0]https://en.wikipedia.org/wiki/Federal_lands https://en.wikipedia.org/wiki/Federal_lands