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To: moni kerr
No kidding. Something people always forget is the value of investment in real property is carried on the govt books at historical cost, not current appraised value. All the national parks and every acre of federal land is grossly undervalued on the books. There's a lot of property value supporting the balance sheet. Also, the deficit numbers are but a spit in the collective bucket when compared to output.
6 posted on 07/28/2003 12:24:39 PM PDT by kinghorse
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To: kinghorse
You may have a point that fedgov land is undervalued but why do they seem intent on leveraging to the hilt assets such as this....and who's holding the note?
13 posted on 07/28/2003 1:05:35 PM PDT by american spirit (ILLEGAL IMMIGRATION = NATIONAL SUICIDE)
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To: kinghorse
YES another FR WINNER!

Want to pay off the National Debt? Sell the National Real Estate. It would do everyone good if the FedGov owned less land.
28 posted on 07/28/2003 3:14:12 PM PDT by eno_
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