Watt sets aside land sales
It was a scheme at once grandiose and controversial: shrinking the national debt by selling off excess federal buildings and land. Announced with some fanfare by the Reagan Administration last year, the plan had the goal of raising $17 billion over five years. But the stuffily named asset-management program has been a conspicuous flop from the beginning. By the middle of this year, it had succeeded in peddling only $150 million worth of buildings and a scanty 4,600 acres of land worth $4.8 million. Even worse, it has proved a disaster politically, antagonizing conservationists and even some...
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