NYT: $22 Billion Federal Garage Sale To Cut Deficit

The White House figures that selling spare land, buildings and airwaves could raise up to $22 billion over 10 years, so the government is holding its version of a garage sale.

WASHINGTON — Like Americans trying to raise quick cash by unloading their unwanted goods, the federal government is considering a novel way to reduce the deficit: holding the equivalent of a garage sale.

Deep within President Obama’s proposals to raise revenue and reduce the deficit lies a method that has garnered bipartisan support, something rare in Washington these days. It involves selling an island, courthouses, maybe an airstrip, generally idle or underused vehicles, roads, buildings, land — even the airwaves used to broadcast television.

More