“Sell it or auction it and use the proceeds to pay off the national debt.”
It’s a band aid on a severed artery.
People in debt need to make more and spend less, not sell off everything they own.
One means of making more is to put this land in private hands allowing ECONOMIC DEVELOPMENT. This is a terrific idea with little downside other than making other politicians look like clueless dummies.
Let’s pretend that one method of doing this is to trade land for bonds. What would be the impact?
1- a scramble for bonds to swap;
2 - an increase in the value of those bonds producing;
3- a decline in the interest rate producing;
4 - more economic activity producing;
5- more taxes from that activity and
6- more JOBS from the projects undertaken on that land.
Now lets watch as Cruz stumbles around looking for any dumbassed way of attacking this great idea.
People in debt MUST sell SOME of the things the own, they cannot afford them. The Mercedes -gone. The Chevy - kept.