‘America is not a company’: Former Obama economic advisor blasts Howard Schultz on debt fears
LOL... Dems can't get out of their own way....
https://www.cnbc.com/2019/02/02/howard-schultz-is-wrong-on-debt-obama-advisor-jason-furman-says.html
This week, ex-Starbucks CEO Howard Schultz announced a potential Presidential run as an independent candidate during an interview on CBS. Frustrations with both parties’ handling of the nation’s finances, particularly the high levels of debt are part of his reasoning to potentially run as an independent candidate.
Yet a couple of former high-ranking government officials insist the Brooklyn-born billionaire got it wrong. One of them is Jason Furman, the former head of Obama’s economic council, who rebuked what he called Schultz’s “obsession” with America’s $21 trillion-plus debt.
“America is not a company,” Furman, now a professor at Harvard University, told CNBC this week. “And in fact, many successful companies are much more leveraged than the United States,” he said, adding that the present value of America’s growth far exceeded its debt obligations.
LOL... Dems can't get out of their own way....
https://www.cnbc.com/2019/02/02/howard-schultz-is-wrong-on-debt-obama-advisor-jason-furman-says.html
This week, ex-Starbucks CEO Howard Schultz announced a potential Presidential run as an independent candidate during an interview on CBS. Frustrations with both parties’ handling of the nation’s finances, particularly the high levels of debt are part of his reasoning to potentially run as an independent candidate.
Yet a couple of former high-ranking government officials insist the Brooklyn-born billionaire got it wrong. One of them is Jason Furman, the former head of Obama’s economic council, who rebuked what he called Schultz’s “obsession” with America’s $21 trillion-plus debt.
“America is not a company,” Furman, now a professor at Harvard University, told CNBC this week. “And in fact, many successful companies are much more leveraged than the United States,” he said, adding that the present value of America’s growth far exceeded its debt obligations.
