I like that plan a lot. Heck why not. The mountain states sold their water rights so it can be done.
It is the way the Constitution provided that it is be, the government is supposed to be 100% supported by the assets it owns.
I like it too. Love it, in fact.
We are SO in debt now that if rates rise just a little, we won’t even be able to pay the interest on the debt. Much less pay the debt down. This is terrifying (or should be to everyone, but the sheeple don’t even seem to care).
I didn’t think anything could save this country from the path we are on, since the accumulated debt is so huge. It just seemed impossible, even with prudent spending from now on.
But this changes the game.
Trump really thinks outside the box, different from any other candidate.
in fact, he’s the ONLY candidate to discuss the debt. Where are the other so-called conservatives on this issue? They seem happy to keep us sliding towards that fiscal cliff.
It won’t work because neither party will use the money to pay down the debt
Selling $19T worth of assets, no one has that much cash at hand, but our foreign debt could be swapped instead. Swap that over a mere eight years and you'll end up with China and and Islamists owning large chunks of the western US. Trump wants that?!! And do you think anyone would buy them if the current no use regulations for them were left in place? We'd have to let them deforest, strip mine, etc. to make those resources productive, resulting in China level pollution. Can't the Trump supporters think longer than a tweet?
to be fair naps, he did say not that long ago that the fed gov needed to protect these lands from states ruining them.
i’m voting trump in two weeks but playing devil’s advocate
that oil reserves in the ground aint worth what they were at 100 per barrel.
still worth a 3#####ing lot!!!!
what’s to stop the fed from running up a whole new 20 trillion in debt?
and the fight from the left and greenies will be epic
This is a great idea.
Every deficit adds to the national debt. HOWEVER, some of those deficits (and much of the debt) are NOT “operating expenses” i.e. salaries, purchase of consumables, all non-capital expenses, etc., rather they are spent on capital assets. These assets can take many forms.
THEY ARE NEVER ACCOUNTED FOR when discussions about the debt are held. I have been complaining about this lack for years and wondering when anyone would get around to noticing this accounting failure.
Finally, we are going to get a president who DOES account for these assets. Whose thinking is not circumscribed by FEAR.
Land sales initially made up the majority of federal revenues and, with the tariff, provided all the operating revenues for the United States government.
Most of the western states have vast amounts of federal land, much of that has wealth of incredible value underneath it. How much is the state of Nevada worth? Idaho, Utah, N & S Dakota, Montana, Wyoming all have unbelievable amounts of federal land. Other states are in the same boat. There should be a close examination of the costs/benefits of selling it.
Yet again Trump shows how insipid and thoughtless the typical politicians are. They think YESTERDAY’S thoughts with yesterday’s methods. Pedestrian, unimaginable, cowardly thinkers.
Another brilliant idea from Donald. My only question is does the American people deserve a real leader like Trump. They appear to be as gutless and clueless as the political class which is a reflection of the people.
I do not want foreign entities owning any real estate or property of any kind in the US. Many countries do not allow foreign entities to own buildings or land, and that is the right way imho.
I don’t want foreign governments or companies to own US forest land, water, gold mines or anything else! I think it’s a HORRIBLE idea.
Agreed.
Detroit was going to do the same thing with their art museum.
It’s what normal Americans do when they are in debt - sell assets.
This would be a great first step in crushing DC centralized power.
Whenever I read stories about the government being unable to balance the budget, and we read about this with states and cities and school districts too, I always think about this. The budget is a short term accounting measure. Like a business has an annual Profit and Loss report showing how much revenue they generated and how much they spent. But businesses don’t just have P&L reports, they also have a balance sheet. The balance sheet shows what assets are held that are not monetized, such as inventory and plants and land and equipment. But the news never reports about the assets held by the government and politicians don’t mention it either. It’s like a dirty little secret they pretend all this wealth doesn’t exist and that all they can do is ask taxpayers for more. Every government subdivision hold assets. Trump is right. If these assets were liquidated it would raise funds for the government to spend. We should unload these assets. They actually cost us money every year in maintenance costs too. Instead of turning to the taxpayers every time they are hard up, they should look to find ways to monetize these assets. The people are tapped out. It’s simply not right to demand more from taxpayers when in fact the taxpayers have already paid for these incredibly valuable assets. When a household needs cash, they don’t just ask for a raise, they,sometimes have to sell a car or bike or boat or extra freezer... It’s time for government to think this same way.
Which is not to say I am in favor of the current system. I am not. But as long as they continue to work this way, they should be required to monetize assets before asking that we pay for more stuff.