[lbo-talk] Austerity In The Face Of Weakness

Jordan Hayes jmhayes at j-o-r-d-a-n.com
Wed Sep 1 12:19:54 PDT 2010


Carrol writes:


> too bad much of it wasn't collected in taxes rather
> than bought with debt. :-)

I see your smiley, but historically the ones with the largest cash reserves *do* ultimately spend it: on acquisitions, mostly, or in some cases direct investment. So it will get taxed ultimately in many cases.

And of course: the size of the US debt is much larger (by a factor of 6-7?) than the corporate cash, uh, cache.

/jordan



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