Sunday, June 5, 2011

While we have been frantically playing defense against relentless assaults on multiple fronts, from anti-union legislation to draconian anti-choice laws to the attempted privatization of Medicare, the selling off of public assets to the private sector has received little attention.

According to McClatchy, the White House claims it would see savings of as much as $15 billion by no longer having to maintain or pay for utilities at some of the underused or unused facilities.  The government in 2009 reported spending $134 million to maintain buildings that have been declared excess.  It costs an estimated $1.3 billion a year to maintain federal buildings that aren't yet declared surplus but that go underused.  However, it remains unclear if and how this strategy would result in a significant enough amount of savings to make a dent in a trillion dollar deficit.

GO.READ

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As Jim Hightower explains it, is that “the wealthiest 1 percent of Americans possess more net worth today than the bottom 90 percent of us combined. Worse, these privileged few and their political henchmen have structured a new economic ‘normal’ of long-term joblessness, low wages, no benefits or worker rights, miserly public services, and a steadily widening chasm between the rich and the rest of us.” We must restore sanity to this nation.