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The Solution to US Debt? Sell Alaska

 
Anonymous Coward
User ID: 30053160
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12/17/2012 02:09 PM
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The Solution to US Debt? Sell Alaska
[link to www.brisbanetimes.com.au]

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.

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.

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.

[much more @ link]
utter nonsense
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12/17/2012 02:18 PM
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Re: The Solution to US Debt? Sell Alaska
Complete folly for one simple reason.

Any money from any revenue source, be it taxes or selling Alaska, will not go towards paying down debt!

The dear leader and the rest of them will spend any revenue as fast as they can on more votes.

2.4 trillion would fund some mighty good pork, um um
Anonymous Coward (OP)
User ID: 30053160
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12/17/2012 02:20 PM
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Re: The Solution to US Debt? Sell Alaska
Putin's prize

First in line might be the Russian Federation, with its deep historical ties to the state. For 126 years, Russia governed Alaska, which has been part of the United States for just 145 years. Vladimir Putin, who is seeking to restore Russia's power and glory, could re-establish the seat of government at the former Russian capital, Sitka, a southern seaside town that still has a Russian Orthodox church, St. Michael's. First built in the 1840s, it houses icons from that era.

Russia already has plenty of space and oil. But if it hoisted its own red, white and blue flag over Alaska, Sarah Palin would actually be able to see Russia from her front porch.

Next would be the Chinese, flush with cash and starving for energy resources and open spaces. Why should China fiddle with acquisitions of companies such as Canada's Nexen or US battery-maker A123 Systems, hoping for approval from the government's guardian of national security, the Committee for Foreign Investment in the United States?

It would be much simpler for Beijing to use its $US3 trillion in foreign exchange reserves - a large chunk of it invested in US Treasury debt - to vacuum up Alaska's resources and to resettle some people from China's overcrowded and heavily polluted cities. As the Arctic ice melts with climate change, Alaska could also serve as a valuable shipping route, saving time, fuel and money for cargo ships traveling from China to Europe.

The transaction could be done by simply canceling the Treasury debt, thus avoiding the financial upheaval that would result if China sold those securities on the open market.
Anonymous Coward
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12/17/2012 02:20 PM
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Re: The Solution to US Debt? Sell Alaska
You think we would rather have all of the oil that sits under the ground in Alaska or the soon-to-be worthless money from the sale of it?
Anonymous Coward
User ID: 29960820
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12/17/2012 02:28 PM
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Re: The Solution to US Debt? Sell Alaska
or..

we could just hang the few thousand banking crooks that say we owe them the money.
Anonymous Coward (OP)
User ID: 30053160
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12/17/2012 02:40 PM
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Re: The Solution to US Debt? Sell Alaska
china and japan own us anyway.

we oughta sell while able.
Anonymous Coward
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12/17/2012 02:43 PM
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Re: The Solution to US Debt? Sell Alaska
Can't we just simply print up that 16T next weekend and be paid off?
Anonymous Coward (OP)
User ID: 30053160
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12/17/2012 02:58 PM
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Re: The Solution to US Debt? Sell Alaska
Can't we just simply print up that 16T next weekend and be paid off?
 Quoting: Anonymous Coward 1552632


i'm sure that's the weimar style plan.

hyper-inflation pay off resulting in the NWO amero.
Anonymous Coward
User ID: 30115955
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12/17/2012 02:58 PM
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Re: The Solution to US Debt? Sell Alaska
No there is oil up there. Instead sell Puerto Rico, since it is only a commonwealth and full of nothing but freeloaders who drain our economy. Sure no one will give us 2 cents for that hell hole but at least we will save money feeding those bums.

.
Anonymous Coward (OP)
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12/17/2012 03:10 PM
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Re: The Solution to US Debt? Sell Alaska
No there is oil up there. Instead sell Puerto Rico, since it is only a commonwealth and full of nothing but freeloaders who drain our economy. Sure no one will give us 2 cents for that hell hole but at least we will save money feeding those bums.

.
 Quoting: Anonymous Coward 30115955


and how about Hawaii?? same reasons.
Anonymous Coward
User ID: 4365896
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12/17/2012 03:16 PM
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Re: The Solution to US Debt? Sell Alaska
hell. give'em Hawaii too.

in fact, let's make it Alaska, Hawaii and California, too.
and we'll even throw in Baja California just to sweeten the deal.
Anonymous Coward
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United States
12/17/2012 03:18 PM
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Re: The Solution to US Debt? Sell Alaska
hell. give'em Hawaii too.

in fact, let's make it Alaska, Hawaii and California, too.
and we'll even throw in Baja California just to sweeten the deal.
 Quoting: Anonymous Coward 4365896


right. and for an extra million dollars, we'll give'em
Puerto Rico too!
Anonymous Coward (OP)
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12/17/2012 03:27 PM
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Re: The Solution to US Debt? Sell Alaska
selling polished shitholesbump
Anonymous Coward
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12/17/2012 03:35 PM
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Re: The Solution to US Debt? Sell Alaska
They have already sold 5 Alaskan islands to Russia. To sell all of that oil up there would be beyond stupid.
Abalone~

User ID: 15617665
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12/17/2012 03:51 PM

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Re: The Solution to US Debt? Sell Alaska
I love it... but why Alaska? Why not the Hawaiian Islands? LOL
The following is a public service announcement:
The above post is intended for entertainment purposes only & does not necessarily reflect the views of ^V^ management.
You may now return to your previously scheduled programming~
Anonymous Coward
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12/17/2012 03:55 PM
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Re: The Solution to US Debt? Sell Alaska
I say fine, but only if sarah palin is part of the deal, then she really will be able to see russia from her house.
Anonymous Coward
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United States
12/17/2012 04:00 PM
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Re: The Solution to US Debt? Sell Alaska
that would be idiotic...so I suppose they just may consider it flag waver
Anonymous Coward
User ID: 30115955
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12/17/2012 04:01 PM
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Re: The Solution to US Debt? Sell Alaska
Hell if they sell Alaska then I can't watch my favorite TV show anymore...Ice Road Truckers.
Anonymous Coward
User ID: 4365896
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12/17/2012 04:03 PM
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Re: The Solution to US Debt? Sell Alaska
Hell if they sell Alaska then I can't watch my favorite TV show anymore...Ice Road Truckers.
 Quoting: Anonymous Coward 30115955


"Rooski Truckers"?
Anonymous Coward
User ID: 23891822
Canada
12/17/2012 04:11 PM
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Re: The Solution to US Debt? Sell Alaska
kinda like giving your child to the crack dealer to pay your debt
Butt Pincher

User ID: 24926363
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12/17/2012 04:14 PM
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Re: The Solution to US Debt? Sell Alaska
or..

we could just hang the few thousand banking crooks that say we owe them the money.
 Quoting: Anonymous Coward 29960820


Yep.... just refuse to pay the debt and start over.. who can stop this?
Dr. Lecter
I'm a goddamn marvel of modern science

User ID: 24275310
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12/17/2012 04:16 PM

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Re: The Solution to US Debt? Sell Alaska
I'm thinking Alaskans might have something to say about this.

Like succession.
Liberal Logic - Demanding that the government stay out of their bedrooms while insisting on taxpayer funded birth control.
Anonymous Coward
User ID: 21061993
Ireland
12/17/2012 04:16 PM
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Re: The Solution to US Debt? Sell Alaska
Hell if they sell Alaska then I can't watch my favorite TV show anymore...Ice Road Truckers.
 Quoting: Anonymous Coward 30115955


"Rooski Truckers"?
 Quoting: Anonymous Coward 4365896


cruise
WalkerTalker2

User ID: 28731015
United States
12/17/2012 04:24 PM
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Re: The Solution to US Debt? Sell Alaska
Well, we would need 222 Trillion to pay off all national debt, all unfunded liabilities and all shortfalls.

There is a rumor that Hilary went to China and collateralized all our national forests and certain cities to back the China debt.

Alaska will be really mad should congress (AKA "The White Shoe Boys" ) try to sell her . It had to be done in stealth mode and We the People will not know about it till it's too late. Same with the gold at Fort Knox.
WalkerTalker2
Anonymous Coward (OP)
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12/17/2012 04:25 PM
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Re: The Solution to US Debt? Sell Alaska
kinda like giving your child to the crack dealer to pay your debt
 Quoting: Anonymous Coward 23891822


it's a shame the USA isn't in that good a financial standing.
Anonymous Coward
User ID: 4365896
United States
12/17/2012 06:29 PM
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Re: The Solution to US Debt? Sell Alaska
kinda like giving your child to the crack dealer to pay your debt
 Quoting: Anonymous Coward 23891822


it's a shame the USA isn't in that good a financial standing.
 Quoting: Anonymous Coward 30053160


we may even just go PUFF!, just like the Soviet Union did.
Anonymous Coward
User ID: 4365896
United States
12/17/2012 07:13 PM
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Re: The Solution to US Debt? Sell Alaska
bump

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