DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
Thursday, July 28, 2011
Are Federal Properties Actually Worthless?
The Obama administration's ambitious plans for selling off federal property could end up costing more money than expected. The Congressional Budget Office told lawmakers that some wrong assumptions went into the White House estimate that the sale would save $15 billion over ten years. CBO found that many of the properties on the sale list are actually worthless. The Office of Management and Budget said it hopes to create a panel to identify properties for sale modeled on the Base Realignment and Closure Commission.
Subscribe to:
Post Comments (Atom)
3 comments:
Because they will be sold to "friends" of elected officials and way below market rate.
You stole my thunder, 1:47! They will call many of them "worthless" and give them to inside friends who will make many millions off them... with kickbacke going to those who valued them "worthless".
I will pay $100 for any "worthless" properties that they have.
Post a Comment