WaPo columnists look at the national debt
In today’s Washington Post, Fareed Zakaria reports that America’s 500 largest nonfinancial companies are sitting on $1.8 trillion in cash. Why aren’t they investing? The political climate in Washington is creating fear and uncertainty. In other words, who knows which industry might catch Barney Frank’s eye next?
John, in your line of work, I’m sure the importance of a predictable business environment never comes up at the water cooler, so be sure to spread the word!
Meanwhile, Ruth Marcus has discovered that the national debt is an urgent problem. Who’s next, Nancy Pelosi? I’m not anxious to hear Ruth’s battle plan, but it’s good to know she hears the cannon fire in the distance.
by Michael Smith.