The Great Debate UK

from Commentaries:

California hosts garage sale to raise funds

California Governor Arnold Schwarzenegger is pulling out all the stops with the state's "garage sale" of unclaimed or unneeded merchandise. The idea came to him via a "tweet," he's using his Hollywood cache to juice bidding and it's all in the name of belt tightening.

The LA Times has the story:

In his latest effort to balance the budget, the governor is cleaning out the state's storage sheds and holding a garage sale on Craigslist and EBay.

Need a 2001 Ford Focus wagon with 110,059 miles and Schwarzenegger's autograph on the visor? Someone did, offering the high bid of $1,625.01 for the old state car as of Tuesday afternoon. The governor got the idea to sign the visors from one of nearly 1 million people who follow him on Twitter, and he jumped on it.

"I look forward to selling these signed cars and making some $ for California," the governor tweeted last week as he autographed the visors....

from The Great Debate:

A revenue and legalization lesson from FDR

James Saft Great Debate -- James Saft is a Reuters columnist. The opinions expressed are his own. --

(Correcting name of academic to Peter Reuter on Feb 27)

Want to help fund the bank bailout, ease California's budget crisis and shore up strained U.S. finances? Legalize drugs, tax the trade and save on interdiction, domestic enforcement and the prison and court system.

I'm only partly joking.

It won't solve all of the U.S.'s problems and lord knows will cause some new ones, but the money is undeniably big enough to make a dent.

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