The fiancial problem with this country
Now where do I start- There are one basic problem and that is the balloon gets bigger and it is put on the back of the working man. If the balloon keeps getting bigger and bigger then it has to burst some time. I will explain by talking about Northwest Airlines and this was a long time ago. The Management decided to take the company private by going in debt and I believe the figure was about 3 billion dollars in debt. Of Course the management made a fortune and the employees got stuck for the debt which they never were able to pay it off. This is the way all these companies have grown is by going in debt and the Management taking all the money and calling it profit so they could get huge boneses. This started about 1950 I think but somewhere this was the case. The Debt kept getting bigger and bigger and of the Course the the ballon was stretching so it has to burst somehow. Of Course they do not want to tax the big boys so the bills never get paid. Locally think of the Local Electric Company as they bought companies they got deeper in debt. The Management thought they could hit the custimer and up the costs blaming them for the Problem. The problem was the Management wanting big boness's which they got but in reality they did not earn. The local paper is in that situation and the last buyer is not I think I read is about 3 Billion Dollars in debt. They blame the fact that the advertisement is not there , too many employees and the wages too high, and they also blame the Health contract to the employees. The ballon based on Debt can only get so big with out something happening. That is the problem with this country. Management , management- should I repeat my self. Don
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