More From Eric Dixon at

Support Independent Investigations With Bitcoin:
Send Bitcoin Here: 171GMeYRD7CaY6tkXs8dSTjLbAtFazxhVL

Top 50 Twitter Rank of Worldwide Startup Advisors For Much of 2014
. Go to my professional site for solutions to your legal, business and strategic problems. The only lawyer who is a co-inventor of multiple, allowed-for-grant patents on blockchain technology!!! Blockchain and Digital Currency Protocol Development --
Top Strategic Judgment -- When You Need A Fixer -- Explore Information Protection and Cryptographic Security -- MUST-WIN: JUST DON'T LOSE -- SURVIVE!: Under Investigation? Being Sued? Handling Extreme Stress -- Corporate Issues -- Startup Issues -- Investor Issues -- Contracts To Meet Your Needs -- Opposition Research -- Intellectual Property, Media and Reputation Issues -- Independent, top-notch legal, strategic and personal advice -- Extensive ghostwriting, speechwriting, book writing, issue research, press and crisis management services. Listed by American Bar Association's Law Bloggers (Blawgers). Contact European Union audiences: This site uses a third party site administrator which may use cookies but this site is intended for AMERICAN clients and prospective clients only!

Wednesday, January 26, 2011

Obama's Enron Accounting

President Obama's State of the Union speech promises the illusion of fiscal sanity, without truly addressing the problems that obscene federal government spending over the last decade has created.

My concern is summed up well by this quote from Texas congressman Jeb Hensarling:

"It strikes me as too little, too late. After this huge inflation of spending, he's willing to level-fund it. If that's his idea of fiscal responsibility, this nation is in deep trouble."
Another concern is that such promises of fiscal restraint are often fulfilled, in practice, by the use of unfunded mandates to shift the fiscal burden to other parties.  That is the equivalent of major multinational companies creating special purpose entities -- often, offshore to evade tax reporting requirements -- to which unwanted assets and liabilities would be shifted.  Think:  Enron.

Eric Dixon is a New York lawyer and strategic consultant.  His opinions are neither legal advice nor representative of any client or organization with which he is affiliated.



No comments:

Post a Comment