Posted on 03/12/2017 5:06:16 AM PDT by vooch
Federal Gov't owns about 750 million acres of land ( excluding Alaska ). Much of this land is low value, but a surprising amount is in high value areas.
If the Feds sold off 1/2 their property at average price of $50,000 per acre that would generate about $20 trillion. This would be enough to retire the entire national debt.
What are Freepers thoughts' ?
I’ve been for federal land divestiture since Bush 43 was president. I truly believe that federal land ownership is tyranny and a threat to states’ rights. Even military bases need to be owned by the states and leased back to the federal government. I firmly believe that the Louisiana Purchase started it. Once a state becomes a state then it is sovereign answering to its citizens alone. Things as they stand now are backwards from the intent of the Founders and are the source and genesis of federal evil. If states or private parties owned the land there would have been no need for a constitutional amendment allowing the income tax and all the ridiculous manipulation that evolved from it. ...and on and on.
Those who do not own or control their own resources are the slaves to those that do...
What you propose is basically how we have been stolen from already...
Note: Whos going to buy it? with what Money? The same Fiat Money that has been stolen from you to begin with and in the hands of those who care not for you but are friends to Big Government?
God Bless
It’s one of the reasons that the Feds have so much land....no one wanted it.
Do it. It also expands the tax base.
good point - it adds quite a bit to the tax base plus should generate real
economic activity
Chinese eye brows twitch.
Yes, but it must be tied to a constitutional amendment regarding a balanced budget. Otherwise, we will be overcome by debt again in the future.
Has anyone suggested to sell CA? Auction off from the Sierra Nevada’s west to the coast cutting the valley in half.
I’ll bet the Chicoms would spend a trillion in gold.
Plus, that would cut the electoral votes in half too.
I don’t see a downside here...
5.56mm
..........default is much ado about nothing. I’ve come back from many millions (embarrassed to say how many) in debt and a subzero credit rating to a very high credit rating and reasonable net worth. So, anybody that tells you there’s no life after default simply has not been there because there is.
Many cities have defaulted and life goes on. Some states will default and Trump can put to good use the bluff of federal default with some of these creditors like China and Japan. Trump is uniquely qualified to solve the 20 trillion dollar debt more so than anybody else alive on this earth today.
agreed
BTW the Feds have “defaulted” at least 5 times in the past, most recently when they quietly devalued the dollar by 50% in 92-94.
No, you’re not just shootin’ your mouth off, IMHO...I’ve advocated exactly that for years...And include honorable military service as an additional qualifier...
No “skin in the game”? Then you get no say in who/how it’s run...
Exactly!
you’ve got about 515 crooks up there who will figure out a way to cover the banks in the name of “too big to fail” and the couple or dozen honest pols up there will be like the proverbial Dutch boy with his finger in the dyke!
And, EXCELLENT point on the devaluation!
always find it amusing when I hear nonsense from rather wise investors describing US debt as risk free.
3 “defaults”
in my Father’s lifetime
FDR
Nixon
Bush-Clinton
all defaulted on US federal debt in various ways
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.