Comments by "" (@TheDavidlloydjones) on "Business Insider"
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At 4:28 $700 billion in debt??? Uh, no. That's insane. It shows that the people responsible for this video have not the faintest clue about money, debt, business, or, well, anything in the real world.
Google is your friend: "NEW YORK (CNN/Money) - Interstate Bakeries, maker of Wonder Bread and Twinkies, filed for bankruptcy court protection early Wednesday.
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The company, which operates 57 bakeries throughout the United States and employs more than 33,000 people, listed assets of $1.6 billion and liabilities of $1.3 billion. It filed under Chapter 11 of the U.S. Bankruptcy Code, and said it intends to continue normal operations."
$1.3 billion of debt They were 538 times too high...
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The US military is probably a great deal larger than it needs to be, and the Department of "Education" is simply a funnel for grants to the states which could be folded down into about six people, two telephones and a computer terminal inside HUD. (I wrote the first round of the legislation which brought it into existence, and I did a very bad job of it: I underestimated the wickedness of the AERA, the American Educational Research Association, which kidnapped it. The original intention, when it was the much smaller National Institute of Education, was the carry out research on education; the role of the AERA is to suppress it.)
In general, however, the US government if far, far better staffed -- leaner, and both more efficient and more honest -- than any large private organization anywhere doing anything.
The post office, though, should probably be abolished, replaced by six or eight people in Treasury and the military to be responsible for anything either top secret or radioactive.
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