Is time to sell federally owned property?

Very interesting the analytical piece in Spanish entitled "Will the US budget policy recover its sanity?" (¿Recuperará la cordura la política presupuestaria de Estads Unidos?) published on another page of this blog, but it seems pertinent to contemplate another important aspect.

If you have ever gotten yourself deep in debt where you find it difficult to pay your monthly bills, and if you are wise and honorable, you have three basic solutions to your problem. First, you could increase your income (get a second job); second, you could reduce your spending on things you need and not to things you want (forego a cruise or a fancy new car); and most difficult of all, you could sell some of your property (if you own a home, you might have to sell it and rent).

Governments, if they are honorable, have the same choices. If they are not honorable, they can print more money, which devalues the currency and results in inflation (higher prices for all you need).

The U.S. federal government is deep in debt, and spending is out of control, so the debt gets deeper and the dollar buys less. It could try to increase income by raising tax rates, but raising rates often results in less income as taxpayers take action to keep their tax bills under control. It could reduce spending, and hopefully, we will see some of that with the new people coming in next year. But we need to do even more, which means looking at selling federal property.

According to Ballotpedia, the federal government owns over 80% of Nevada and over 60% of Alaska. There are many other states with high percentages, like Utah at 63%. Is it unreasonable to ask the feds to sell some of this land to pay down the debt?

A new report by the Government Accountability Office says that the Feds own 460 million square feet of office space, much of which is vacant (mentioned in the Spanish piece I referred to in the first paragraph). How about selling some of this and renting only what is needed?

The feds own a fleet of over 645,000 vehicles that it wants to quickly convert to expensive electric vehicles. How about selling whatever vehicles they can and renting the most economical vehicles as needed?

Some of this may sound too drastic, but we have little choice but to take action to avoid a major financial collapse.