Politicians who argue U.S. corporations hoard cash are not looking closely at balance sheets.
They
are looking at cash deposits only, and are not aware of business
operation principles. Thus, they make it a practice to overlook normal
business obligations. The latter may be direct or pending debts, or
contingent costs, All represent liabilities that companies currently or
eventually have.
A
business man cannot conveniently sweep debt under the rug. He gets fired or
jailed for doing so. A politician simply gets re-elected for such
action.
(See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at Twitter.)
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