Last week, my friend Andy, a hedge-fund guru, sent me a memo entitled, “Three Steps to Fiscal Solvency.” It was based on the premise that if America were a company, we’d be in pretty bad shape. We spend far more than we take in. Our liabilities are mounting. Our assets are pretty much flat.
Andy got rich thinking outside the box. So I wasn’t entirely surprised to see his list of things that Republican presidential candidate Mitt Romney — who made his fortune in private equity — might do to improve America’s bottom line.