JimBowie1958
Old Fogey
- Sep 25, 2011
- 63,590
- 16,767
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It is simple, auction off Federal Owned Land that is not essential and restructure the government debt.
1) Auction off Federal Land that is not necessary, and sell old Federal Buildings to the private sector. ($2 trillion)
The Federalis own way too much of the USA.
2) Cancel Chinas US Bonds ($1.3 trillion.)
Sue them in Federal court and cancel their bonds as payment for the damages they caused in the current COVID19 pandemic.
3) Defer all interest payments on intragovernmental debt to the time they are transfered to the public. ($5 trillion)
For example some of this debt is for Social Security bonds and other funds loaned from one agency to another federal agency. This is about 47% of total US interest payments on the debt.
This is stupid to pay ourselves interest on what we owe ourselves, and would cut our national debt interest payments by about half.
Now that is about half the total debt, but here is the real final solution:.....
4) Grow the economy after passage of a Balanced Budget Amendment.
We would grow ourselves out of the current debt in about ten years with this all by itself.
New Estimates of Value of Land of the United States | U.S. Bureau of Economic Analysis (BEA)
Land is an important and valuable natural resource, serving both as a store of wealth and as an input in production. Previous attempts to measure the value of land of the United States have focused on indirect measures, inferring values based on the difference between the market value of real...
www.bea.gov
Land is an important and valuable natural resource, serving both as a store of wealth and as an input in production. Previous attempts to measure the value of land of the United States have focused on indirect measures, inferring values based on the difference between the market value of real property and the replacement value of structures, and have not counted the entirety of the land area of the United States. Instead, this paper takes hedonic estimates of land prices in various locations and interpolates these values to a mosaic of parcels, census tracts, and counties of various sizes in the contiguous (lower 48) United States plus the District of Columbia. Estimates suggest that this 1.89 billion acres of land are collectively worth approximately $23 trillion in 2009 (current prices), with 24% of the land area and $1.8 trillion of the value held by the federal government.
1) Auction off Federal Land that is not necessary, and sell old Federal Buildings to the private sector. ($2 trillion)
The Federalis own way too much of the USA.
2) Cancel Chinas US Bonds ($1.3 trillion.)
Sue them in Federal court and cancel their bonds as payment for the damages they caused in the current COVID19 pandemic.
3) Defer all interest payments on intragovernmental debt to the time they are transfered to the public. ($5 trillion)
For example some of this debt is for Social Security bonds and other funds loaned from one agency to another federal agency. This is about 47% of total US interest payments on the debt.
This is stupid to pay ourselves interest on what we owe ourselves, and would cut our national debt interest payments by about half.
Now that is about half the total debt, but here is the real final solution:.....
4) Grow the economy after passage of a Balanced Budget Amendment.
We would grow ourselves out of the current debt in about ten years with this all by itself.