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 - Grain Threshing in the Early 40's - by Pat Browning. The setting is rural Wisconsin, halfway between East Troy and Elkhorn, on Hodunk Road, our nation was at war, and I was 6, 7 and 8 years old. George was our "threshing neighbor." He was the one with the threshing machine, a JI Case on steel wheels, and he pulled it to our farm with a JI Case standard tractor also on steel. In those days, steel wheeled implements were common. The roads were general gravel, so the lugs cutting into them wasn't a problem. George would set up the thresher, s
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