The fire sale of America continues this week with Arizona legislators considering selling their House and Senate buildings and then leasing them back from private companies to raise cash. As we continue to pour billions into the wars in Iraq and Afghanistan, states are selling off parks and historic sites (here and here). The result is a windfall for private investors who are scooping up deals from legislators who are eager for ready cash.
Like many legislators, politicians in Arizona did little during times of plenty to prepare for lean years. The result is that they are willing now to sell off government buildings and parks to maintain their budgets.