The prospect of once again hitting the federal debt ceiling has provoked the ritual round of hand-wringing about the intractable nature of this $16 trillion conundrum. But there is a simple, elegant option that involves no tax increases, no spending cuts and just a bit of imagination.
That's right. Put the entire state -- from Juneau to Deadhorse, from the Bering Strait to the Beaufort Sea -- on the auction block.
Absurd? No more absurd than the spectacle taking place right now as we skid closer to the "fiscal cliff."
Selling real estate at top dollar is all about timing, and now's a great time to unload the Klondike state. The federal government, which owns 69 percent of Alaska, could cash in on the vast, resource-rich state at a time when oil prices are high and wild salmon is flying off the shelves at Whole Foods. Selling Alaska could fetch at least $2.5 trillion and maybe twice that amount, enough to lop off a huge chunk of the national debt and perhaps as much money as President Obama and House Speaker John Boehner hope to save or raise over the next decade.
The return on investment would look great, too. Secretary of State William H. Seward -- you might know him as the handsome fellow played by David Strathairn in the new Steven Spielberg movie, "Lincoln" -- bought Alaska from Russia in 1867 for $7.2 million, drawing ridicule. One New York newspaper that year called Alaska a "sucked orange," saying Russia had already drained all the value out of it. But even after adjusting for inflation, the price paid for "Seward's folly" or "Seward's icebox," as it was known back then, looks pretty cheap -- about $114 million.
Posted by: Water Modem ||
Sounds like a damn good idea t mee. What squealing Washington would Make if the "Sell Alaska" Offer were genuine, It'd put the fearof the People in Government, once and for all.
I' suggest it, as a "Proof" tht there's other (Undisclosed) ways to end this FISCAL CLIFF screaming.
Not that there's anything wrong with it, But, it won't happen.
Posted by: Redneck Jim ||
It may be a bit too late. The alarms and audible warnings (Pull UP! Pull UP!) were ignored long, long ago.
Thought I'd heard that Sarah et al. moved to Arizona.
Posted by: Rambler in Virginia ||
Sell the entire west coast, Illinois, Michigan, New York, Taxachussets, and Minnesota - and tell Pennsylvania, New Jersey, Ohio, Wisconsin, Connecticut that they are next, unless they get their financial houses in order.
A multi-volume chronology and reference guide set detailing three years of the Mexican Drug War between 2010 and 2012.
Rantburg.com and borderlandbeat.com correspondent and author Chris Covert presents his first non-fiction work detailing
the drug and gang related violence in Mexico.
Chris gives us Mexican press dispatches of drug and gang war violence
over three years, presented in a multi volume set intended to chronicle the death, violence and mayhem which has
dominated Mexico for six years.