He shouldn’t be held accountable for anything he says.
It was a dumb idea when the late Harry Browne, the former libertarian presidential candidate, was touting it.
Are you going to spend the next 9 years trashing Trump here?
The government owns hundreds of buildings it no longer uses. Example; The old post office building in Washington, D.C. sold to Trump. Hundreds, if not thousands of smll, medium, and large buildings are owned by the government but should be put on the market. The same goes for land. Putting those parcels back in the private sector puts them back on the tax rolls which benefits the communities.
That’s just one instance of wise divesting which should be insisted upon. Maintaining those assets also costs the taxpayers to keep them up. Another reduction in government costs to we the taxpayer when we divest them to private ownership.
Author fell for a timeworn sales technique, to get the customer to “look past the sale”.
In this case, the sale was the idea that the national debt has to be seriously addressed. Now, instead of arguing that the debt is not a problem (as too many do), he is arguing about what the right way to do it is.
Sale made - even the customer accepts that the issue should be addressed and the only question is how.
Don't those "federal assets" belong to the American taxpayer?
Did YOU pay attention to Jim’s most recent thread?
JR couldn’t have stated it more clearly than he did.
Unite behind DJT or TAKE IT ELSEWHERE.
How many Billions you have made ???
I have Yosemite for $1.3 Billon.
Do I hear $1.4 Biillion?
I have Yosemite for $1.4 Billion.
Do I hear ...
>> Several weeks ago Donald Trump suggested
>> Trump has recently informed us that it was just a suggestion
You got him real good.
Lots of voters are wide awake, and hopefully enough of them to defeat the defeatists, like you, and Hillary, and Cruz, and Bernie.
The insanity must stop, and Trump is the only candidate offering sane, common sense solutions to the most pressing problems created by very insane politicians.
Id like to know if the Saudi dumping threats would have the same effect.
I assume the Chinese will buy the stuff at market. The Chinese would also have no problem if the Sunni/Saudis look a little worse for wear while their Iranian allies dont look as bad.
I love the idea. Some would shudder at the thought of Saudi Arabia and China buying up the federal lands.
I would love it. The national debt could be eliminated as lands are sold at the prices of our choosing. The depressing of prices as supply exceeds demand, as would be the case in most scenarios, would not materialize, as these nations with money to burn would jump at the chance to own large chunks of America.
The ace in the hole is that we could always nationalize their purchases later (which is what has happened time and again to assets our people have owned in other countries). Yes, we could only pull such a stunt once in our history; but as things now stand, once should be enough.
I cannot see the belittling of this idea. It should be taken very seriously.
Continue insulting us with 24/7 anti-Trump diatribes and insults, your opus will be assumed.”
—— Jim Robinson
http://www.freerepublic.com/focus/f-news/3424005/posts
http://www.nytimes.com/interactive/2016/us/elections/election-2016-campaign-money-race.html?_r=0
Your reading comprehension and your basic sentence construction skills leave much to be desired. Your vanity is an embarrassment. For your sake and FR’s sterling reputation, I hope it serves as your opus.
you’re thinking too narrowly, my FRiend
in the National Park System there are currently about 500 concessions leases which net a whole whopping $1 billion. We take in more than that in admission fees. We should evaluate the concession leases with an eye to increase revenue and let private industry modernize the parks. If Disneyland can make billions, why can’t we? (the feds also help subsidize state parks - in California for instance only 4.6% of state parks are self-funding. Cut them loose and let the states find private industry to modernize their parks, too).
How much could be raised by allowing claimants to buy back, at rates set by existing law, their grazing, mining, water leases stolen by uncle dearest over the last 10 years?
and look at the west, 30% federal ownership of Montana, 45% of California and 85% federal ownership of Nevada. Sure some of that can never be developed, too mountainous, remote, blah, blah, but a lot of it can be. Since land is checkerboarded in the west, a landowner of a section can easily find himself surrounded by federal land. If I had land that shared a lot line with federal land, I’d probably want to buy some of it. Landowners mean taxpayers who fund roads and infrastructure which brings business. If we’re going to compete with the world, we need more land producing more products and jobs.
we’ve probably raised a few trillion right there, and that’s just for starters
Here is Bill Still’s explanation of how this can be done.
https://www.youtube.com/watch?v=qOR4OiRjHA8
So how could Donald Trump pay off the national debt in just 8 short years as he promised to do during his interview with Washington Post last Thursday?
To understand how to make this dramatic change safely and effectively, first you have to understand what the National Debt is.
When Congress wants to spend more money than it has in income, that’s called a budget deficit.
So let’s say that in 2015, the budget passed by Congress was $4 trillion, but the national income – the total revenue was only 3.5 trillion.
Then there is a 500 billion dollar budget deficit. So where does the nation get the extra money?
The Treasury has to borrow it. Who do they borrow it from? Mostly banks, but most of the debt is auctioned off so that the Treasury can get the best price.
There are many different financial products the Treasury sells to raise money - Treasury bonds, Treasury Notes, Treasury Bills and other products – each have slightly different attributes and maturity dates.
The long-term 10 and 30-year bonds bring the highest interest rates. The short-term Treasury bills bring the smallest rates of interest.
For example, here is a results sheet for a March 28 sale of 91-day Treasury Bills. They sold for interest rates of between .25% and .3%. Their maturity date is June 30, 2016. That’s when you can cash them in and get back your principle and interest.
Here is a results sheet for 4-week Treasury bills. They were sold at between .1% and .2% interest rate.
Now let’s go all the way up the scale to the 30-year bonds. These were sold 3 weeks ago and were bought at a rate of between about 2.6% and 2.7%, but they mature in 2046.
The United States has never defaulted – that is, failed to pay – on its bond repayments. Therefore, U.S. Treasury securities are considered the world’s safest investments.
These various Treasury securities pile up the National Debt. Here is our current national debt to the penny: 19 trillion, 264 billion, 938 million, 619 thousand and 643.07 as of March 31 – last Tuesday.
Hopefully your head is not spinning yet with all these numbers, but here is the last one. How much interest are we paying on all this borrowing.
Well, it varies wildly from year to year, but here are the last 5 years. It has varied from about 360 billion dollars to 454 billion dollars.
That’s almost as much as we spend on the Defense Department!
It is as much as we currently spend on Education, Medicare & Health, Veterans Benefits, HUD, International Affairs, Energy & Environment, Science, Social Security, Unemployment & Labor, Transportation and Food & Agriculture.
How about some projections into the future of the national debt? Pretty much worthless.
In 2000, the Congressional Budget Office created this graph. It showed that the debt-to-GDP ratio of the U.S. wouldn’t go over 100% until about 2035. Well guess what, it hit 100% in 2015 – twenty years ahead of schedule.
In 2009, the CBO made another projection – 100% debt-to-GDP ratio was moved up to about 2024. Again, we hit it in 2015 – 9 years ahead of schedule.
All we can say is that since President Obama took office, the debt has more that doubled from about 9 trillion to its current 19 trillion.
Since interest rates can’t go any lower, it’s fair to say that interest rates have to move higher, at some point. And that means that the best-case scenario for the future is that the national debt will DOUBLE every 5 to 7 years – unless something is done.
Obviously, this is not sustainable. Eventually, just the interest payments on the debt would consume our entire federal budget.
There is only one way to tackle this problem. Get out of this debt money system where banks create all the money in the system by having the outrageous privilege of lending money they don’t have.
It’s not a new concept. To economic historians it’s known as a “bank money” system.
Bank money systems tend to breed an oligarchy as most of the big money is naturally sucked up by the banking system.
The opposite of a Bank Money system is a State Money system. State Money is money created by the Treasury for the benefit of all citizens equally – not favoring one class – the banking class. Therefore a State Money system tends to reduce the amount of money the banking class accumulates and creates a more wealthy middle class because the politicians pay less attention to bankers and more attention to the people.
A State Money system then sells the nations’ money to the banking class to lend out to us. It doesn’t kill the banks, it just creates real competition between them.
President John Adams considered any private issue of money a monstrosity and a fraud on the public.
Trump is bringing up a very important issue that the press has ignored during Obama’s reign. If you want to campaign against Trump you should go somewhere else.