Tuesday, November 27, 2012

Reminder: We're Still Broke, People Still Try to Avoid Taxes

A couple things in the WSJ today talking about things I have discussed here.  Notably the rush to get money out of companies before the tax consequences of any new sausage-making (or non-sausage-making) comes into play.  I talked about this the last time we faced a similar situation not too long ago.

The second story is an op-ed that clarifies, so that everyone can go on ignoring the facts again, just how bloody broke-ass broke we are.  The massive $16 trillion debt that gets thrown around doesn't even begin to get our liabilities right.  Try $85 trillion give or take.

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