No, no, no, no, no.
If you want to deal with the debt, deal with it. Not by selling off assets at a fire sale, but by repudiating the debt.
That’s right, walk away. Declare bankruptcy. Because that is the only way we will actually get a balanced budget: when the politicians have no other choice because no one will lend the money anymore.
Let’s say we sell off all of these assets. Then what? Does anyone actually believe that the politicians will suddenly act with fiscal restraint? No, they’ll just continue their spending binge with whatever they generate from the fire sale.
OK if that really happened...what would happen to the average:
Laborer in manufacturing
Banker
Government worker
Corporate drone
Service worker
Homeowner with a mortgage
Saver
Investor
Person on social security/food stamps/etc
I’d imagine the fallout would turn the entire country more or less into the West Bank.