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