Today the federal government owns 640,000,000 acres. 640 million acres of mostly useless, arid, desert that will support one cow for every 20 acres and no water. If the govt sold it all for $1000/acre that is $640 billion dollars about 3% of the $21 trillion debt. If it sold for $2000/acre it would pay off 6% of the debt. So now that we have sold the family jewels, what will we sell to pay off the rest of the 94% of our debt? Incidentally, real estate taxes on ag property are minimal and go to the state, not the federal govt.
I am being pretty liberal here on western land values. Ted Turner just bought 26,300 acres in Nebraska for $10 million or $390/acre and and a different buyer just closed on 77000 acres in Wyoming for $20.9 million or $271/acre.
And the money for USA oil, goes to the company that found and drilled for oil..not the federal government.
I hope there is a rational and realistic solution to our debt crisis, but it will not be a painless remedy.
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Today's Featured Article - Upgrading an Oliver Super 55 Electrical System - by Dennis Hawkins. My old Oliver Super 55 has been just sitting and rusting for several years now. I really hate to see a good tractor being treated that way, but not being able to start it without a 30 minute point filing ritual every time contributed to its demise. If it would just start when I turn the key, then I would use it more often. In addition to a bad case of old age, most of the tractor's original electrical system was simply too unreliable to keep. The main focus of this page is to show how I upgr
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