Anarcho-Capitalists' NEWS: The solution to US debt? Sell Alaska

The prospect of once again hitting the federal debt ceiling has provoked the ritual round of hand-wringing about the intractable nature of this $US16 trillion conundrum. But there is a simple, elegant option that involves no tax increases, no spending cuts and just a bit of imagination.

Anarcho-Capitalists' NEWS: The solution to US debt? Sell Alaska Artalaska1620x349

Sell Alaska.

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.
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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 per cent 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 $US2.5 trillion ($A2.4 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.

Read more: http://www.smh.com.au/business/world-business/the-solution-to-us-debt-sell-alaska-20121217-2bi2t.html#ixzz2FGQ8eqDf

Anarcho-Capitalists' NEWS: The solution to US debt? Sell Alaska

Anarcho-Capitalists' NEWS: The solution to US debt? Sell Alaska

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