What countries, and what was their economic scenario before the cuts?
Whats their valuations?
Have their monies deteriated against other currencies?
It all comes down to value, and theres very little physical value in a government.
Not so in a company.
Notice how so many IT businesses that are mainly net driven aren't really worth a lot?
Theres value in IP, but it only counts if it can be used to generate money.
Not so in a company, where a car is still a car, and the assets are real.
Name value is good, but this too has declined, and the fact that a company that gives those values to countries has devalued us, and this is all done to be set in an open market, unfettered, that this company is being pursued by the Obama admin shows theres smoke somewhere, because as long as people believe in something that's only face value, its worth can be perceived however people perceive it, but once that first card tumbles, the whole house could co0me down, leaving no assets whatsoever.
The so called wisdom of projecting incomes and thus expenditures by our government is poor, again, since theres no skin in the game, with nothing to lose, and with no true full understanding the customers needs, while the workers become disgruntled, and in workers, I mean taxpayers, its all interconnected, not so in a company/business.
As much as the government has attacked and villafied the oil companies, as unpopular as they are in public, like the BP spill, they still make profits.
Farming, breads, so many things that are needed, and all these things existed before governments, so the governments that were started, as ours here had little to do, were actually included in the writs that formed certain governments, that this wasn't their purpose.
Now, not only have we gone beyond the original needs of governments, we argue whether they are a business, has intrinsic value, and controls out economy?
Yet, as the behemoth grows, the argument then is, its not big enough?
Controlling enough?
Costly enough?
Some people unfortunately have more faith in their government to dsolve issues than their neighbors, those who do the work of this nation,k make the cars, farm the land.
How many times has 1 law been copied in various forms, costing even more money?
Repeating government investments like what we had cannot be sustained.
The Japanese did it with Tvs and many electronics years ago, now look to see where they are?
All Im saying is, having faith in the government lends itself to socialism, or socialistic attitudes and approaches, where the faith in your neighbor dwindles.
Certain markets have to settle, or they wont exist, that's called skin in the game.
Not so with government, as all they have to do is make the workers more miserable, and still not gain a clue as to whats truly needed