Dec 1, 2009


As the one-year anniversary of Tribune Co.'s Chapter 11 bankruptcy filing approaches, company owner Sam Zell has some advice for the government about debt.

From CNBC:
The US government will have to cut down on borrowing by giving up on some publicly-financed programs or face inflation in one or two years, Sam Zell, chairman of Equity Group Investment, told CNBC Tuesday.

"I do believe that the current administration is insensitive to the risks of the scale of debt we're creating," Zell told "Squawk Box."

If things do not change, it is "very hard to imagine" that the US is not going to be confronted with inflation in one or two years, he said.


Bucky said...

Yes, let's elect this tripe for president and we can layoff the whole effing country.

What a buffoon.

Anonymous said...

I am sure Zell has a few bucks saved for his retirement, but, him giving advice on debt is like a hooker giving tips on saving yourself for marriage.

Anonymous said...

5:07 Wow... outstanding.