Washington going bankrupt while wasting billions of taxpayer dollars on unused and unneeded properties
Despite being the nation’s largest landlord, Uncle Sam will never win a round of Monopoly, the classic boardgame where players try to make money—and avoid going bankrupt—by buying, renting, and selling property. That’s because Uncle Sam, who is already $36 trillion in debt, refuses to sell off unused and unneeded properties that are nothing but money pits. Washington is paying out over $81 million maintaining underutilized offices every year. This includes nearly 7,700 vacant buildings and another 2,265 that are largely empty. Many of Uncle Sam’s properties are also fixer ...