Sales of U.S. Assets
At the end of the post Our Government: A Business Without Assets? I asked, “What next? Will we soon see ads for giant auctions on the lawn of 1600 Pennsylvania Avenue?”
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Entries Tagged 'Government' ↓
Our Government: A Business Without Assets? two notes
March 4th, 2010 — Government
Our Government: A Business Without Assets? postscript
February 20th, 2010 — Government
National liabilities are the other side of national assets. In my last post, I didn’t discuss this side of things. Governments not only don’t track their own assets; apparently they don’t track their own liabilities either.
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Our Government: A Business Without Assets?
February 11th, 2010 — Government
Before I finish my series on the incredible transition taking place in the publishing industry, I need to comment on the current controversy about our government’s debt and deficit. There’s an important pair of terms related to debt and deficit that aren’t being discussed right now, and they should be.
Clive Crook of the Financial Times asserts that President Obama’s new budget for 2010 is only a “”minutely worded wish-list,” that most likely won’t be honored by Congress. All of us probably agree with that statement. But Crook also believes the “only remedies [for the US debt/deficit dilemma] are lower spending and higher taxes.” I strongly disagree with that. Only one-third of the U.S. deficit is paid for by taxes, and there IS another way to approach the US government’s debt/deficit problem.
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