12.10: Asset Sales
Sell at least a portion of the federal assets, especially those that are currently generating revenue below market levels. Other Information:
Asset Sales. The federal government currently owns and controls vast assets, including huge swaths of commercial land, especially
in the West; power generation facilities; valuable portions of the electromagnetic spectrum; underutilized buildings; and
financial assets. Given the federal government's huge debt, it makes sense to sell at least a portion of these assets, especially
those that are currently generating revenue below market levels (in which case the sale value would be above the present value
of the current income on the assets). Sales of assets would immediately reduce the government's operating deficit and debt,
reducing future interest costs. The Heritage plan includes a program of asset sales totaling approximately $260 billion over
15 years. This includes partial sales of federal properties, real estate, mineral rights, the electromagnetic spectrum, and
energy-generation facilities.
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