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RE: (Video) Illinois Will COLLAPSE! Guess Who Is Next! Say Goodbye to Your Pension Fund
Selling off of city, state, country assets is the proposed solution in every case where there is a crisis. Is this a good idea?
Selling assets can be good if the city, state or country will reorganize, close agencies, and make spending match income. But that will only happen with a huge crisis forcing the changes.
Land is all they can sell and specifically undeveloped land. It at least has an potential of generating tax revenue. Developed land (water systems, electrical generation et al) would never recoup the cost of the government sponsored development costs