Posted on 03/15/2011 5:57:32 AM PDT by Kegger
Kleiner Perkins, the well known Silicon Valley venture capital firm, just released a stunning analysis prepared by their new partner Mary Meeker, a very well-known financial analyst who worked for years at Morgan Stanley and was prescient about the impact of the Internet. Meeker spent about a year gathering publicly available data and refining an analysis of the dire debt and spending fiscal crisis facing the U.S. The result appears to be the definitive compendium of data documenting the incredibly precarious and dangerous situation facing the U.S. from generations of recklessness as welfare state policies and incentives triumphed. In over 400 pages of charts, graphs and analysis Meeker carefully lays out in an easy to grasp manner the incontrovertible facts about our federal government's deficit and budget crisis using as a framework the conceit of treating the U.S. government as though it were a private company --- USA Inc. --- and conducting a financial analysis. The picture isn't pretty....and the conceit is extended by imagining what a corporate turn-around expert might recommend to correct the situation. The result is delivered in a style that may be familiar to many who have seen Wall Street institutional investor analysis on this scale --- an incredibly thorough and coherently presented narrative based almost entirely on unadulterated facts and analysis.
(Excerpt) Read more at images.businessweek.com ...
All you have to do is take a look at the USPS and Amtrak.
Great core assets, great potential value, BAD management...excellent takeover target!
Oh....nevermind.
Better off than it is a a government. The Federal Gub’mint has significant assents that are not balanced against debts. As private company, these would be balanced against its debts.
Of course, as a government, the Federal Gub’mint has very limited options when it comes to liquidating such assets so they can’t be used to offset the national debt.
Actually they already got a bailout from the United States. With more to come. They call it QE.
It is like the drawing of one hand drawing the other hand drawing the first hand except in this case the first hand is handing over cash to the second hand who is handing over cash to the first hand.
If the US were a business, we would be out of business.
Exactly....hence the “nevermind” and sarcasm tag in my post.
And sadly the neo-Keynesians are stupid enough to think that this process can create new wealth. Is a family any wealthier just because a husband gives $100 to his wife?
Unfortunately for us, the government is the only business that can manufacture new customers at the stroke of a pen and raise it’s prices significantly without loosing any of it’s current customers.
It’s next to impossible to understand how these political boobs can go year after year spending and spending without
realizing their ultimate fate. You can kick the can down the road so far but sooner or later you run out of road, are these
people so myopic that they cannot see or understand this simple principle. We are not in “this” position because of prudent leadership. This hole has been dug slowly and carefully to a depth where escape is next to impossible. The Governor of Wisconson understands this and “they” want to crucify him for daring to bring some sanity to the problem. Obama has no clue about fiscal responsibility and seems t think there is no end to the public purse, which he now believes to be his very own to do with as he pleases.
The answer lies in hard choices and hard work, the welfare state will make paupers of us all, all except the elite and
the so called leaders of our society. Some, in our society, seem to have gotten the message, I only hope it’s not too late. We’re like the nuclear plants in Japan, the rods have been exposed, I hope there is enough water to cool them down
and ultimately restore them to manageable levels.
“Is a family any wealthier just because a husband gives $100 to his wife?”
Not in the ideal world of Obama. The family would be poorer because if we could do things the way Obama would like to see them done, the family would be out the income taxes the wife would have to pay on the $100 that her husband just gave her.
If the US were a business, the executives and the board would be in prison for fraud.
If the US were a business, firing all those responsible for our cooked books and manipulated statistics would be one of the first steps. Things are actually worse than they seem.
* More government (federal / state / local) employees belong to unions (8 million) than did private sector employees (7 million) in 2009. * Government employee union membership rate of 37% is 5x higher than private sector employee union membership rate of 7% in 2009. * Private sector union membership rate declined 180 basis points to 7% in 2009 from 9% in 2000, while government employee union membership rate rose 50 basis points 37.4% in 2009 from 36.9% in 2000.
...or Government Motors.
But it isn't a private company is it? If you treat an orange like an apple you still couldn't use it to make an apple pie.
We would be about the same as Enron just before it was busted.
Broke.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.