I, for one, eagerly await being eaten by our gorgeous tall blond alien overlords.
– Badtux the Snarky Penguin
]]>When you move the R&D budget to marketing and redesign the packaging instead of the products, you make more money in the short term, but destroy the business in the end. Leveraged buyouts that are financed by selling assets and taking on huge debts is behind the demise of newspapers, which actually make profits in the 15 to 25% range – a range that can’t support the debt that was taken on.
Like I said, Mr Duff, you can’t tell the difference between personal and sovereign debt, and it was business that did the gambling.
FYI – it is always the Democratic Presidents that balance US budgets. Reagan and the Bushes are responsible for over $13 trillion of the total US debt. All of the other Presidents in US history together only ran up the remaining $1 trillion and they had to pay off the Civil War, World War I, and World War II. “Conservatives” can’t be trusted with money, they waste it on their “friends”.
]]>See also yuppies, MBA, leveraged buyout, greed-is-good, market segmentation, cashing out, “upscale market”.
]]>See, Badtux, some businesses are capable of learning efficiency and cost-saving from the government.
[For those who don’t read Badtux’s blog, he points out that low labor churn reduces the cost of government employees, but Wall Street can’t look at the numbers and tell.]
]]>– Badtux the Economics Penguin
]]>And we wouldn’t even have to print the whole $17T. All but $5T of the U.S. debt is owed to, err, OURSELVES. Yeppers, we owe OURSELVES our own money! So… why would we have trouble paying back to ourselves money that we owe ourselves? We can just tax ourselves to pay ourselves and… err… we just end up recirculating our money then to pay back our debt to ourself. No big deal, jeez.
– Badtux the Snarky Penguin
]]>The purpose of economic stimulus is to increase demand which creates jobs. The best way of doing it is by building and repairing infrastructure which creates real assets, rather than paper assets.
As the US has fiat currency, the national debt is fairly irrelevant, and the so-called “crisis” is just theater to impress the masses. Not spending now, will make matters worse, as you, Mr. Duff, will find out in short order thanks to the clowns now in charge of your national budget. If you don’t understand the difference between the budget of an individual, the budget of a business, and the budget of a country with fiat currency, you can’t really understand the principles involved.
Ireland is screwed because they covered the gambling debts of their banks, and they are part of the Euro zone. If they hadn’t joined the Euro, they would be in good shape. If they hadn’t covered the gambling losses they would be in great shape compared to other countries in Europe.
Steve, you are definitely out of your funk and have found your groove again. That was excruciatingly bad!!!!
]]>took me a moment to catch that one, but now i’m cleaning up the coffee on my keyboard. lolgrrrr.
]]>– Badtux the Southern Penguin
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