Sunday, December 30, 2012

Is it Time for Uncle Sam to have a Yard Sale?

The federal government is sitting on billions in assets that are either sluggish or just dead weight. That includes federal land, buildings and other structures. Two years ago, President Obama's deficit commission identified 64,000 buildings and structures that it deemed excessive, underutilized or vacant and recommended should be sold. 
"So instead of raising taxes, which takes money out of the economy and lowers economic activity, we ought to be looking at selling federal assets," said Myron Ebell, with the Competitive Enterprise Institute.
Some potential bargains include:
  • An empty Veterans Affairs hospital in Los Angeles, which could yield $5 billion 
  • Parts of a former military base on the San Francisco waterfront. 
  • Selling Amtrak could yield $60 Billion  
  • Tax payer owned utility companies like the Tennessee Valley Authority and Bonneville Power could yield even more than Amtrak 
 Read the full story HERE and a view a related video below:
 

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1 comment:

Anonymous said...

*Just a reminder, "fiscal cliffs" is not a single move by Congress, a single point in time, or a specific location. It is a metaphor for overspending of the past 70 years, and a principle. The purpose of the Constitution was to limit the power of the federal government. This drive is the foundation of our system. Unlimited amounts of money flowing through federal coffers negates the purpose. Unlimited funds is unlimited power. There is no other way to look at it. We need to reverse the course completely. We must channel as little money through federal coffers as possible. They ought not have access to such assets. We MUST vote these Constitution haters out. It is the ONLY way to be free.