I don't see any justification for the federal government owning land, other than the Statue of Liberty and maybe a few parks, maybe a few refuges. But to just own land to do nothing with it I think is a disservice to the Constitution.
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Congress and the White House are working out their scheme for pushing through a healthcare 'reform' bill that has more pages than the U.S. Constitution has words. I guarantee you that not a single member of the House or Senate has a complete understanding of that legislation any more than they understood all the implications of the USA PATRIOT Act back in 2001.