[RadiationRomeo]

I am very certain the government couldn not sell the land or auction the oil/gas quick enough to meet the deadline.

I also doubt that GM could cough up the cash either, and certainly the libs won’t ask.

The government won’t do a thing but raise the debt limit. The libs will try to get enough limit just to make it to the end of January so that ‘Romney will ruin the country’.

[muawiyah]

The government can issue what amounts to currency, the value of which is the property itself. This is rather how you do it with gold. You own a pile of gold. You then issue currency payable in gold.

There have been times when the United States operated with several different sorts of currency, so this is not a real problem ~ modern computer systems should make it work much easier than in the past.

The property values used in this article are way below the actual values ~ some of the hydrocarbon reserves are in the multi-trillion dollar range!