Donald Trump's Different Map to Lower the National Debt: Sell Off Government Assets

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Source:   —  April 03, 2016, at 10:46 PM

S. government assets in order to fulfill his pledge to get rid of the national debt in eight years, senior adviser with the campaign Barry Bennett said.

As president, Donald Trump would sell off $16 trillion worth of U. S. government assets in order to fulfill his pledge to obtain rid of the national debt in eight years, senior adviser with the campaign Barry Bennett said.

"The United States government owns more genuine estate than anybody else, more land than anybody else, more energy than anybody else," Bennett told Chris Jansing Sun on MSNBC. "We can obtain rid of government buildings we're not using, we can prolong the energy from government lands, we can do all kinds of things to prolong cost from the assets that we hold."

In a wide-ranging interview with The WA Post, Trump said he'd get rid of the $19 trillion national debt "over a period of eight years." The article well-known that most economists would consider Trump'south proposal impossible, as it could require slashing the annual federal budget by more than half.

Glenn Kessler, who writes the Post'south Fact Checker column, deemed the map "nonsensical" and gave it "Four Pinocchios." Kessler assessed that even if Trump were to get rid of every government function and close down every Cabinet agency, he'd still be brief trillion.

"We regret we've only Four Pinocchios to give for this whopper," Kessler said. "Trump is insulting the intelligence of Americans for making such a claim in the first place."

However, when pressed on whether the United States could sell off $16 trillion worth of assets, Bennett responded affirmatively on Sunday.

"Oh, my goodness," he said. "Do you know how much land we have? You know how much oil is off shore? And in government lands? Easily."

The federal government'south assets totaled $3.2 trillion as of September two thousand fifteen, according to the U. S. Government Accountability Office. However, that doesn't comprise comprise stewardship assets or natural resources.

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