[arrogantsob]

Actually it is a brilliant idea as for the deficit. Especially if linked to debt swap.

I outlined the dynamics of this earlier:

Let’s pretend that one method of doing this is to trade land for bonds. What would be the impact?

1- a scramble for bonds to swap;
2 - an increase in the value of those bonds producing;
3- a decline in the interest rate producing;
4 - more economic activity producing;
5- more taxes from that activity and
6- more JOBS from the projects undertaken on that land.

Now lets watch as Cruz stumbles around looking for any dumbassed way of attacking this great idea.

[ifinnegan]

I see it as a desperation move like people who are broke selling all their good stuff.

It doesn’t help long term. They need to stop spending as much and bring in more money.