Can a new Homestead Act solve the debt crisis?

Source: Heartland Institute
by Barry Poulson and John Merrifield

“Federal asset sales made to pay down the national debt was not part of Trump’s budget proposal, but during his presidential campaign, candidate Trump promised a ‘deal’ to sell mineral rights and use the proceeds to pay down the debt. He argued this ‘deal’ could make America energy independent. In our research, we find that this kind of sale of federal assets is a necessary to solve the debt crisis. We propose the sale of a broader range of federal assets that are now underutilized. For instance, Congress could pass a new Homestead Act, thereby selling federal land, real estate, and mineral rights.” (06/09/17)