European Tribune - Comments - Something is afoot

Something is afoot | 239 comments (239 topical, 0 editorial, 0 hidden)

In the US, 49 states with balanced budget amendments does not mean the abolition of state bonds. What it means is capital budgeting, with the budget required to be balanced on current spending and capital service.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Tue Jul 20th, 2010 at 01:59:59 AM EST
[ Parent ]

Re: Note to Zapatero (4.00 / 3)

Which leads to all kinds of creative accounting. There's also public debt for private purposes -- another fun one.

Asdf is probably familiar with this, as Colorado is one of the more amusing offenders (and if you listen closely, all the way from Ohio you can still hear my former colleague shouting, "How can you report no fucking debt?!?!").

Conservatives want live babies so they can raise them to be dead soldiers. - George Carlin

by Drew J Jones (myfriends@thisispancakes.com) on Tue Jul 20th, 2010 at 04:36:10 AM EST
[ Parent ]

Re: Note to Zapatero (4.00 / 3)

Both the Euro's Stability and Growth (Suicide) Pact and Gordon Brown's onw fiscal "golden rule" have led to creative accounting over the past 10 years... PPP/PFI is the form of "public debt for private purposes" we like here in Europe...

By laying out pros and cons we risk inducing people to join the debate, and losing control of a process that only we fully understand. - Alan Greenspan

by Migeru (migeru at eurotrib dot com) on Tue Jul 20th, 2010 at 05:08:51 AM EST
[ Parent ]

Re: Note to Zapatero (4.00 / 3)

At least for a given value of "we". And of "like".

Peak oil is not an energy crisis. It is a liquid fuel crisis.

by Starvid (arvid.hallen at gmail.com) on Wed Jul 21st, 2010 at 01:57:07 PM EST
[ Parent ]

Something is afoot | 239 comments (239 topical, 0 editorial, 0 hidden)

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