| --- |
| title: "House Oversight: Estate Documents (Nov 12) (HOUSE_OVERSIGHT_020841)" |
| source: "House Oversight: Estate Documents (Nov 12)" |
| sourceUrl: "https://www.justice.gov/epstein" |
| date: "2026-01-01" |
| category: "House Oversight" |
| eftaNumber: "HOUSE_OVERSIGHT_020841" |
| ocrPages: 1 |
| ocrChars: 1810 |
| ocrElapsed: 0.0 |
| parseTier: "external-legacy" |
| engine: "engine undisclosed (ep-nov-12.greg.technology mirror)" |
| externalSource: "greg-ep-nov-12" |
| externalLicense: "not granted" |
| externalCredit: "ep-nov-12.greg.technology" |
| externalUrl: "https://ep-nov-12.greg.technology" |
| --- |
| |
| With these trends, USA Inc. will not be immune to the sudden crises that have afflicted others |
| with similar unfunded liabilities, leverage, and productivity trends. The sovereign credit issues in |
| Europe suggest what might lie ahead for USA Inc. shareholders - and our children. In effect, |
| USA Inc. is maxing out its credit card. It has fallen into a pattern of spending more than it earns |
| and is issuing debt at nearly every turn. Common principles for overcoming this kind of burden |
| include the following: |
| 1) Acknowledge the problem - some 80% of Americans believe 'dealing with our growing |
| budget deficit and national debt' is a national priority, according to a Peter G. Peterson |
| Foundation survey in 11/09; |
| 2) |
| Examine past errors - People need clear descriptions and analysis to understand how the |
| US arrived at its current financial condition - a 'turnaround CEO' would certainly initiate a |
| 'no holds barred' analysis of the purpose, success and operating efficiency of all of USA |
| Inc.'s spending; |
| 3) |
| Make amends for past errors - Most Americans today at least acknowledge the problems |
| at personal levels and say they rarely or never spend more than what they can afford (63% |
| according to a 2007 Pew Research study). The average American knows the importance |
| of managing a budget. Perhaps more would be willing to sacrifice for the greater good with |
| an understandable plan to serve the country's long-term best interests; |
| Develop a new code of behavior - Policymakers, businesses (including investment firms), |
| and citizens need to share responsibility for past failures and develop a plan for future |
| successes. |
| Past generations of Americans have responded to major challenges with collective |
| sacrifice and hard work. Will ours also rise to the occasion? |
| kB/w.kpob.com |
| USA Inc. xvili |
| HOUSE_OVERSIGHT_020841 |
|
|
