Saturday, February 26, 2011

USA Inc.

What happens if you were to look at the United States as a business?
The bottom line on USA Inc.? Cash flow and net worth are negative, profits are rare, and off-balance-sheet liabilities are enormous. The “company” has underinvested in productive capital, education, and technology -- the very tools needed to compete in the global marketplace. Lenders have been patient so far, but the sky-high rates on the sovereign debt of Greece, Ireland and Portugal suggest what might lie ahead for USA Inc. shareholders and our children.
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