Does it bother anyone else that the government now holds close to 90% of all mortgages? I refer, of course, to the $200 billion dollar bailout of Fannie Mae and Freddie Mac.
Before bailing out mortgage companies, the United States government had direct ownership of nearly 30% of its total territory. These federal lands are used as military bases or testing grounds, nature parks and reserves and indian reservations, or are leased to the private sector for commercial exploitation (e.g. forestry, mining, agriculture). They are managed by different administrations, such as the Bureau of Land Management, the US Forest Service, the US Fish and Wildlife Service, the National Park Service, the Bureau of Indian Affairs, the US Department of Defense, the US Army Corps of Engineers, the US Bureau of Reclamation or the Tennessee Valley Authority. This map details the percentage of state territory owned by the federal government.
The top 10 list of states with the highest percentage of federally owned land looks like this: - Nevada 84.5%
- Alaska 69.1%
- Utah 57.4%
- Oregon 53.1%
- Idaho 50.2%
- Arizona 48.1%
- California 45.3%
- Wyoming 42.3%
- New Mexico 41.8%
- Colorado 36.6%
Notable is that all these states are in the West (except Alaska, which strictly speaking is also a western state, albeit northwestern). Also notable is the contrast between the highest and the lowest percentages of federal land ownership. The US government owns a whopping 84.5% of Nevada, but only a puny 0.4% of Rhode Island and Connecticut. The lowest-percentage states are mainly in the East, but some are also in the Midwest and in the South:
- Connecticut 0.4%
- Rhode Island 0.4%
- Iowa 0.8%
- New York 0.8%
- Maine 1.1%
- Kansas 1.2%
- Nebraska 1.4%
- Alabama 1.6%
- Ohio 1.7%
- Illinois 1.8%
Even the 10th place is still below the two percent mark.
Where's that right to private property when you need it, if the government can now exercise fiscal controls to get you out of your house WITHOUT having to go through eminent domain payments?
h/t
StrangeMaps