Over at Big Goverment, Reason columnist and Mercatus Center economist Veronique de Rugy suggests the government host a garage sale to pay down its debt: Here is an idea: Greece is getting ready to sell some of its assets to pay for its gigantic debt ( Corfu and the Parthenon are not on the auction block yet), and the US should do the same. According to the Financial Statement of the United States , there is about $2.6 trillion of stuff we could sell (See Page 49 of the report, it’s page 69 of the whole document). A few items on my list: Loans receivable and mortgage backed securities: $540 billion TARP direct loans and equity investments: $240 billion Property, plant, and equipment: $784 billion Freddie and Fannie preferred stocks: $65 billion Whole thing here
Read the original here:
What If The Government Gave an Estate Sale?
