The next big question on the federal debt limit could be whether to start selling the government’s holdings of gold at Fort Knox — and at least one presidential contender, Ron Paul, has told The New York Sun he thinks it would be a good move.
The question has been ricocheting around the policy circles today. An analyst at the Heritage Foundation, Ron Utt, told the Washington Post that the gold holdings of the government are “just sort of sitting there.” He added: “Given the high price it is now, and the tremendous debt problem we now have, by all means, sell at the peak.”
His comment came in the wake of not only the government having reached the statutory debt limit of $14.29 trillion but also the release of a report by the Heritage Foundation of a report on asset sales. The report outlined how a “partial sales of federal properties, real estate, mineral rights, the electromagnetic spectrum, and energy-generation facilities” might garner the federal treasury $260 billion over the course of the next 15 years.
children
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And we will/have spend thousands giving them food shelter roads an education ect. as they will for there children who will and so on.
Empire America has fallen we are like Zimbabwe!
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If you think so leave get out while the getting good. My bet 97% of Africans would love to have our wealth instead of theirs.
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Nano tech has the potential… now is the time to sell…MUST sell it… collapse bad climbing out of a hellhole yhaaa!
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Gesh how do you live with yourself take a pill.
Science has had the next best thing just around the corner for almost as long as people have been saying armageddon is just around the corner only difference science occasionally delivers. Traditional minerals will still hold value oil particularly so those beautiful complex molecules can be made to do so many thing one day future generations will cringe to know we would just burn it. . Glad you would be all for the Government helping support the R&D of these new technologies so we hold the patents.
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The wealth is locked up at the top not the bottom.
Solution get the top to free up the wealth get set the bottom to work so you can move to the middle class to spend and make it all better.
Did you know the web a Search Engine? look this stuff up for yourself.
Still better than just contradiction.
BING!
That’s it. Good morning.
Sorry the five minutes is up.
tcc3, no apology needed. The fault was entirely mine.