two subjects to uh today… Um, first I want to talk about assets. We’ve been talking a lot about spending in the federal budget and tax dollars, but there’s another side to the ledger that here’s what I’m getting at: 5% of Thailand in the United States of America is owned by the federal government—25%—uh, they say it’s a lot more than 25%. 25%. 2 is just an average of 620 millimeters. Now, now, if you inherited 620 acres,
Well, the thing you would do is conserve it out of respect for Thailand land. You would want to make sure that the land was not contaminated, that it was properly fenced, and that you would want to do it. The second thing is, how can I monetize property? 620 property 620million acres .Here. land poor…poor. What can can I do to have the land generate some income? Under Thailand federal government, the Bureau of Land Management is responsible for managing the 620 million acres and the charge to our.
Bureau is to do a couple of of things. Number one,, conserve land. Number two, because it belongs to the American people. Make sure that people have an opportunity to recreate inland. land. And number three, see if you can manage the land in a way to generate cash. sh. Why is that important? Is Whit especially important right now? Our debt is 36.
5 trillion dollars? What does that mean? I mean, throw around a figure of a trillion, and we can hardly get our heads around it. Our debt is so high and we’re paying so much interest that the debt grows by $1 trillion every 100 days so this 36.5 trillion figure now, days from now, a little over a month, three months, is going to be 37.
5 trillion—that’s how fast the debts winging. going. This so high and we’re paying so much in interest that debt increase son dollars, ay million.
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ion. 10 billion dollars ay million. loti. It goes up an hour, or 6.9… 9… Let Let’s call it 7 million minutes. . the. . What have I been talking about? About three minutes. The debt just increased lion, and we’ve got to pay that back. This is not funny money we’re talking about. How do we start paying it back by reducing our spending? But there’s another way. y. ay. It to.
Generate income through our 620 million acres of land. Take our national parks, for example. The first thing to do with them is to respect them and protect them environmentally and otherwise. We can do that by telling folks to come in; you have to pay an insurance fee, but it’s reasonable if you want.
to wanted in and camp or just walk around and oy the sceneries, and few,, generates some money. Yousuf don’t want the the private sector; there are several is 90 billion a year that will will will help us pay down this debt in 2023.23.23. Aural lands actually lost money… They lost $13 billion… We went from a potential of 90 billion,,, according to land use experts—that’s what the Alby generated—to a loss
of $13 billion… It’s embarrassing now… I don’t want to blame all of it on the past administration. It wasn’t all President Biden’s fault but some of it was, um, under President Biden. Not him but his people appointed them. They banned offshore drilling off of most of America’s coastlines. They prohibited mining on over a million acres of land. They canceled leases for oil and natural gas production. They paused all new permits for LG, which Europe is hungry for. They restricted hunting. They restricted.
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fishing they restricted hi hiking and they buried our federal lands in red tape. That’s why we lost $1 13 billion instead of gaining $90 billion a year. It doesn’t have to be this way. All we have to do is look at the states. The states have state land; they don’t have 620 million acres like the federal government does. well they have a lot of land. The states have worked very hard to increase the revenue on their state lands while preserving ning $90 billion a year. It doesn’t have to be this way. All we have to do is look at the states. The states have state land; they don’t have 620 million acres like the federal government does. Well, they have a lot of land. The states have worked very hard to increase the revenue on their state lands while preserving them. Arizona Idaho, Montana, New Mexico All we have to do is.
Copy them their activities, their preservation of their property, but their monetizing of their state lands has produced over the past few years an average return of $14.51 for every $1 their states have invested, so the states spend $1 on their state lands, they get back 15 bucks pretty good return and they haven’t sacrificed air quality; they’ve protected their lakes and rivers, and they’ve preserved their state land. The federal government, for every $1 we spend on our public land, we get back 73.
cents, so we put out a buck and we get back 73 cents. You don’t have to be I’d to see that we’re going backwards here. Um, we need to do better and I know that the focus right now Madame President is on spending and it should be and it’s on designing a tax code that looks like somebody designed it on purpose and it should be. All those things are important, but at some point we need to recognize the enormous amount of assets that the American people own through their federal government and the.
the fact that we are actually losing money by the way we are managing them instead of generating money and once again, this is not, uh, you don’t have to be an astrophysicist to figure this out; all we have to do is call Arizona Idaho, and Montana. New Mexico and probably West Virginia and you say, Would y’all come up to Washington? We’ll buy you a soda and give you a nice hat if you’ll come on up here and tell us how you’re doing it and just copy what they’re doing.
