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The federal government, the nation's top property owner, said Thursday that it is on track to save $8 billion by the end of the fiscal year by consolidating its real estate holdings and selling off th

By: capt_nemo in ROUND | Recommend this post (0)
Sun, 03 Jun 12 7:31 PM | 48 view(s)
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Amazing,,,,,,,,,,,,,,,,,,,


All by design...............Didn't see any of the fannie freddie homes they NOW own........

The government had achieved savings of $5.6 billion as of the end of the first quarter, according to the Office of Management and Budget, which said agencies are on track to add several billion more in savings by the end of the fiscal year.

Why is the government so keen to sell its real estate?

The federal government owns 1.1 million real estate assets, a category that includes land, buildings and structures.

The roster runs the full range: Lighthouses. Empty buildings that are no longer used. Big plots of land that once housed government depots. And many structures are underused, outdated or abandoned.
U.S. for sale - Uncle Sam's real estate play

President Obama has made the consolidation and sale of federal property a priority, and has directed agencies to achieve $8 billion in savings by the end of the fiscal year.

Danny Werfel, the controller of the Office of Management

http://money.cnn.com/2012/05/31/news/economy/obama-federal-real-estate/index.htm?iid=HP_LN




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Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.


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