Another argument that U.S. governments should sell assets
August 09, 2010
States have the same difficult choices anybody has when they run into financial difficulties: make more money (by raising taxes), stop spending as much money (stop paying teachers, firefighters, policeman, etc.), or start selling assets.
The first two are not politically appetizing. We've already seen what happens when a state (say, New York) has crippling high taxes: Lebron James goes to Miami.
So let's sell stuff. . . .