“
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The
federal government reportedly owns more than one fourth of the land in
the United States. According to the “Budget of the U.S. Government for
FY2010,” at the end of FY 2008, the federal government held $767
billion in land, and $421 billion in “mineral rights.”
- In addition to land, the Office of Budget and
Management
reports that Uncle Sam also owns more than $1.17 trillion in fixed
reproducible capital (things like buildings and machinery) and $290
billion in inventory.
- “The GAO also notes that the federal government has
‘many assets it does not need,’ including billions of dollars worth of
excess and vacant buildings.
- If the government were to sell off their
General Motors shares it could bring in an estimated $18 billion.
Further, ATR suggests that the government make GM repay the $30 billion
it got from Troubled Asset Relief Program and leave the estimated $168
billion in remaining “stimulus” dollars unspent.
Puh-leeeeze,
Don't get me started. Okay, they already did.
Let's begin by
reversing stupid-as-hell EO, like Clinton's that took out largest
deposit
of clean burning coal off the market; or Obama's, that's shut down oil
drilling everywhere. It will do little good to sell everything, but
hamstring the entrepreneurial spirit with insane energy and enviro
law. But, let's face it. This bankruptcy we face is
only a symptom of the
much larger root problem.
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How much do we owe China? Doesn't matter. Here's how we 'pay them back':
ReplyDeleteTrade them the Hawaiian islands for the IOU.
Those rat-bastards won't assimilate or release ze papers.
Done and dusted.
I thought the Japanese already owned the bulk of Hawaii since the 1980s...
ReplyDeleteHmmm, just wonderin if they'll sell me the local post office, with trucks and all and I flip it to UPS? Or pickup the local Amtrak, along with a few trains and flip it to Union Pacific? And everyone wins!
ReplyDeleteolds-mo-william
The trouble with suggestions like this is that the current Administration wil not do it. If it did, it would help them stay in office after 2012, but they won't do it. It will remain for the next president to do it, and that will likely be a Republican. Actually, there are MANY things the next president can and should do, including shut down the Energy and Education Departments, circumcise EPA,and many others. I hope the next administration sets up Tiger Teams to get into each department after the 2012 election, and come up with a laundry list of things to attack. Then, on January 20, 2013, they can all be implimented immediately.
ReplyDeleteSkoonj
Palin, et al, have the right idea: develop our energy resources to create wealth, decrease the amount we send overseas, create good paying jobs and lesser paying support jobs while increasing government revenues from mineral rights and income taxes.
ReplyDeleteAt the same time, end all farm subsidies starting with ethanol ones while re-opening the Central Valley . This should have an immediate effect on food prices which are one of the driving forces of unrest in Africa and the Middle East.
Never happen because they are the logical first steps.
Laurence
After the Democrat/government sponsored sub prime mortgage debacle and the resultant market crash and housing devaluation, after the Dem/government sponsored strangulation of business and the resultant job loss, after the coming inflation ruins any long term savings prudent citizens may have had, who the hell in the USA will have any money to buy all that stuff?
ReplyDeleteIf US citizens spend every dime we have on that stuff, we wouldn't even pay for this year's Federal budget. The only answer is for drastic surgery and fumigation of the Federal government, including Medicare and Social Security, and likewise for state and local governments and their public employee pensions.
Lt. Col. Gen. Tailgunner dick
Rodge: They will just paint the lightbulbs so only heat escapes.
ReplyDeleteAnd charge parents an arm and a leg for Chinese made black painted lightbulbs.
We have waaaay too many politicians; we could sell them.
ReplyDeleteProblem is, they're worthless.
Let's buy Mt. Rushmore and make a slight change.
ReplyDeleteRecarve Teddy Roosevelt into Ronald Reagan.
1. One-time sales of assets don't solve long-term deficit spending.
ReplyDelete2. Sales require customers with money.
3. Not all buyers of the real estate will be Americans.