ST. PAUL, Minn. - Minnesota is deep in the hole financially, but the state still owns a premier golf resort, a sprawling amateur sports complex, a big airport, a major zoo and land holdings the size of the Central American country of Belize.
Valuables like these are in for a closer look as 44 states cope with deficits.
Like families pawning the silver to get through a tight spot, states such as Minnesota, New York, Massachusetts and Illinois are thinking of selling or leasing toll roads, parks, lotteries and other assets to raise desperately needed cash.
The patient (U.S.) is dying because of poisonous and deadly medication administered by the Federal Reserve and the U.S. Government:
- Lindsey Williams: The Dollar And The US Will Collapse; Saudi Arabia And Dubai Will Fall; US Will Be Third World Country; The Greatest Depression Is Coming
- Gerald Celente: The Greatest Depression
- Analyst: One Third Of Banks Could Collapse In 2009
- Peter Schiff: “There is going to be an inflationary depression in the US”
- Marc Faber: “2009 is going to be a catastrophe”
- Ron Paul - TRUTH on Government Fraud funds (12/22/08)
- Economic Collapse of 2009 - Greater than Great Depression of 1929
- U.S. Economy: Housing Prices Collapse at Near-Depression Pace
- Official says California could be broke in 2 months
- World faces “total” financial meltdown: Bank of Spain chief
- The Neo-Alchemy of the Federal Reserve by Ron Paul
- Jim Rogers: If Obamanomics happens it’s all over
- Jim Rogers: “America is out of control”
- Jim Rogers: The Larger US Banks Are Bankrupt, Totally Bankrupt
- Interview with Peter Schiff (12/13/08)
- Interview: Peter Schiff still grim on future
- Peter Schiff Was Right 2006 - 2007 (2nd Edition)
- Peter Schiff: Low Rates, Big Problems
- Peter Schiff: The Economic Crisis Is Only Just Beginning (Nov. 24, 2008)
- Federal Reserve Refuses to Disclose Recipients of $2 Trillion
Minnesota Gov. Tim Pawlenty has hinted that his January budget proposal will include proposals to privatize some of what the state owns or does. The Republican is looking for cash to help close a $5.27 billion deficit without raising taxes.
GOP lawmakers are pushing to privatize the Minneapolis-St. Paul International Airport and the state lottery. Both steps require a higher authority - federal legislation in the case of the airport, a voter-approved constitutional amendment for the lottery. But one lawmaker estimated an airport deal could bring in at least $2.5 billion, and the lottery $500 million.
Tags: Debt, Economy, Government, Illinois, Massachusetts, Minnesota, New York, Politics, Recession
