Sooner5030
7/27/2011, 05:06 PM
Not sure why it hasn’t been discussed yet. Most over-leveraged, cash strapped entities always look at asset sales.
According to FY 2010 US Balance Sheet (http://www.gao.gov/financial/fy2010/10stmt.pdf) (pg 45) we have $830 billion in property, plant, and equipment.
Shouldn’t the treasury have presented it as a possibility before default? Just sell $50 billion and that could help. Of course then they’d have to admit that failure to raise the debt ceiling will not trigger default in the first place.
Just an option.
According to FY 2010 US Balance Sheet (http://www.gao.gov/financial/fy2010/10stmt.pdf) (pg 45) we have $830 billion in property, plant, and equipment.
Shouldn’t the treasury have presented it as a possibility before default? Just sell $50 billion and that could help. Of course then they’d have to admit that failure to raise the debt ceiling will not trigger default in the first place.
Just an option.