What kind of business are we supposed to run government like? A Wall Street bank? It's not so much a bank holding company as a bank held company, but OK. Let's run public finance like Goldman Sachs (this should be easy for GovermentSachs), and instead of looking at a debt to GDP ratio look at leverage. Wall Street would warn that we are seriously under-levered at less than 1 to 1. Back in the old days they'd expect 12 to 1, but the standard for a Wall Street bank is now more like 30 to 1, so we need to get out there and spend $408.8 trillion dollars to get back on track.
When we invest it all into tranches of securitized sub-nuclear warhead swaps and accidentally vaporize the planet because of an unexpected credit event on Uncle Merv's Citigroup Card we can go ask God for a bailout.
:: posted by buermann @ 2011-08-02 18:56:59 CST |