What could the U.S. Sell to Erase Debt?

[bobbyw24]

With the United States poised to slam into its debt limit Monday, conservative economists are eyeballing all that gold in Fort Knox. There’s about 147 million ounces of gold parked in the legendary vault. Gold is selling at nearly $1,500 an ounce. That’s many billions of dollars in bullion.

“It’s just sort of sitting there,” said Ron Utt, a senior fellow at the Heritage Foundation. “Given the high price it is now, and the tremendous debt problem we now have, by all means, sell at the peak.”

http://www.washingtonpost.com/nation...y.html?hpid=z1

[fisharmor]

Wow, Ron Utt is obviously a math genius.
That equates to 220 billion dollars.
Meaning that at deficit levels of 1.5 trillion/year they could keep things going for another... 53 days.

Seriously, this makes me want to cry. People with better and more schooling than me are out there seriously advocating this horse$#@!?
How can people not see why I'm so against school at this point? Do they intentionally program us so that if a number has more than seven digits we just shut down? Is this why distances are always measured in football fields?
No seriously, I can't even think about work now... my mind has been poisoned for the morning with how absolutely mind-bogglingly retarded people are.

[Matthew Zak]

Alaska

[dean.engelhardt]

They could sell Alaska to Saudi Arabia. They can afford it. Than the Saudi's would start selling us the oil.

[Krugerrand]

I hear China has a shortage on women.

[outspoken]

our souls... oh wait, we already sold them. We'll have to look for something else....

[armstrong]

military bases outside our country maybe?

[nocompromises]

There is no need to sell anything. The USA needs to default on it's debt.

[Don Lapre]

Lots more p0rn and Hollywood entertainment?

It's pretty much all we're good at manufacturing anymore, isn't it?

[tangent4ronpaul]

Well known neocons and socialists. I bet the carnival circuit would make a mint from ppl wanting to take out their frustrations on these clowns.

[Koz]

We could sell off the TSA, hell the entire dept. of homeland security, most of Congress, Dept. of Education, Agriculture, Commerce, etc. We wouldn't get two cents for all of this, but even if we could get some government to take this stuff off of our hands we would be making out.

[Working Poor]

pot

[YumYum]

Yellowstone Park and Yosemite Park would go for a premium. The government should sell those to the highest bidder.

[nobody's_hero]

Poor guy, thinks there's gold in Fort Knox, lol.

I say we sell corrupt politicians.

[Simon]

Land. The US govt. owns nearly 30% of land in the country.

[tangent4ronpaul]

Land. The US govt. owns nearly 30% of land in the country.

I think you might have something there... CA, Chicago, NYC, NJ - maybe DC... I don't think we would miss them... oh, and Connecticut! Any state stupid enough to keep re-electing Mr Police state deserves to go!

[Bryan]

Yellowstone Park and Yosemite Park would go for a premium. The government should sell those to the highest bidder.

Too late-- a big part of Yosemite has already all but been sold off to the Bay Area, mainly the Hetch Hetchy Valley (its actually been under lease for many decades).

But yeah, there's more. I've heard that Clinton put up our national parks as collateral for our debt so if we default on the debt, we loose the parks. Can anyone confirm this? I don't doubt that some establishment aristocrats would love to turn them into private hunting / play grounds and will do so the first chance they get.


fisharmor- lol. I hear you....

[Southron]

Yellowstone Park and Yosemite Park would go for a premium. The government should sell those to the highest bidder.

If we absolutely have to sell off federal land, why can't we sell it in small parcels to individual U.S. citizens?

[tangent4ronpaul]

Too late-- a big part of Yosemite has already all but been sold off to the Bay Area, mainly the Hetch Hetchy Valley (its actually been under lease for many decades).

But yeah, there's more. I've heard that Clinton put up our national parks as collateral for our debt so if we default on the debt, we loose the parks. Can anyone confirm this? I don't doubt that some establishment aristocrats would love to turn them into private hunting / play grounds and will do so the first chance they get.


fisharmor- lol. I hear you....

If they sold it, they sold it to China or Japan

[goRPaul]

-National Parks & other gov't land
-NASA
-Military bases
-National highways
-The USPS
-Federal buildings once we get the IRS, CIA, the Fed, and the departments out of them
-Any institutions related to the arts and sciences, such as the Smithsonian museums

Just to name a few.

[Elwar]

They could sell Washington DC and we'd be in the black forever.

[jmdrake]

Now more than ever we should push to expose the fact that 2.3 trillion went missing from the Pentagon the day before 9/11.



That 2.3 trillion would put a big dent in our national debt.

Cynthia McKinney was trying to find that out and that's one of the reasons she was smeared.



If Ron Paul would push this issue in the next debate that would really drive his poll numbers up.

[VBRonPaulFan]

I read an article the other day talking about how China was making overtures to buy rare mining companies/mines here in the US for some of the rare metals that it needs to produce cars/electronics/etc. You'll probably see American companies scooped up, maybe some land here and there (although probably not much of it).

[dean.engelhardt]

-National Parks & other gov't land
-NASA
-Military bases
-National highways
-The USPS
-Federal buildings once we get the IRS, CIA, the Fed, and the departments out of them
-Any institutions related to the arts and sciences, such as the Smithsonian museums

Just to name a few.

I agree with the direction, but the USPS would have to be sold at asset value. As a business it is not sellable.

[Simon]

If we absolutely have to sell off federal land, why can't we sell it in small parcels to individual U.S. citizens?

^^^ Yup.

[kill the banks]

actually we could write off the illegal interest on the interest or demand it back if we arrest the banksters ie racketeers ... see canadian example of the debt scam , same scenario usa .... http://www.youtube.com/v/WPSoQfumzQ0&hl=en&fs=1 ... kill the banks

[Krugerrand]

Where's all this Federal Land stuff coming from? Where does the Federal Government have the authority to claim land ownership - such that they can then turn around and sell it.

Federal ownership of parks etc should not be considered valid - and thus not an option for the federal government to sell.

[civusamericanus]

They could simply take our personal property! Use the powers of Eminent Domain and national security. I could see the government saying, we owe a lot of money to China and we need your land to pay for it. Some states have laws against this, and the federal government would never violate a states sovereignty.

[virgil47]

-National Parks & other gov't land
-NASA
-Military bases
-National highways
-The USPS
-Federal buildings once we get the IRS, CIA, the Fed, and the departments out of them
-Any institutions related to the arts and sciences, such as the Smithsonian museums

Just to name a few.

You forgot to mention the Constitution and all other currently unused documents, the Statue of Liberty and of course all social security numbers and the bodies that come with them.

[Brian4Liberty]

I hear China has a shortage on women.

Yep.