Time for a yard sale? Selling excess property could net government billions

When families face a budget crunch, they have but a few options -- spend less, make more or starting selling stuff.

So why doesn't the federal government do the same?

Given the current state of the country's finances, many are wondering if it is time for the federal government to sell what it doesn't need -- basically, hold a yard sale.

The federal government is sitting on billions in assets that are either sluggish or just dead weight. That includes federal land, buildings and other structures. Two years ago, President Obama's deficit commission identified 64,000 buildings and structures that it deemed excessive, underutilized or vacant and recommended should be sold.

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