THE SOLUTION TO SOVEREIGN DEBT

What do people do who have debts and no income? They sell off their jewelry, their furniture, their car, their house or whatever other assets that they might have.

Countries that are facing financial collapse might do the same thing: simply sell off the assets of the country. One way the US could pay off its debts is to sell off federal lands. States and cities facing bankruptcy might sell off their assets. Japan, Greece, Ireland, Portugal, Spain, Italy and any other country facing impossible financial situations and debt might just sell off parts of the country. The real estate value of these countries should easily cover their debts.

Now, why didn’t the geniuses in government not think of this?