Lawrence G. Hrebiniak: The Mismanagement of America, Inc.

America has been failed by its government, and the nation now faces economic and security catastrophes unless its leaders change their ways, Wharton management professor Lawrence G. Hrebiniak concludes in his new book, The Mismanagement of America, Inc. He directs his severest criticism at the government's supervision of the Social Security Trust Fund and an intelligence infrastructure in which various agencies are no better at communicating with each other than they were before the September 11, 2001 terrorist attacks.

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[worker72a]

All valid concerns, but more recommendations for treating the symptoms rather than the disease.

Yes, we have out of control gvt spending. Why? Because they can. Government has a blank check to borrow endlessly from the Federal Reserve. No need to tax more. Just borrow to pander to your favorite voter bloc or lobbyist. Let future generations foot the bill. Well, the future is here.

Take away the blank check by abolishing the Fed and government powers to spend and make war are instantly reduced.

[dragoni]

Holy Crap. If Hrebiniak's facts don't scare the sheeit out of you then I don't know what will.

Fact: Congress pays $35/month for UNLIMITED health care

Fact: US just finished paying off the debt for Vietnam War in 2007

Fact: US Military runs 300 golf courses around the world - TOTALLY WTF

[reddypraveen]

sir, your video is freat.. I am very dissapointed in you not mentioning the real problem.A person, state, country that has debt and no liquid assets, where is the debt being created and by (lenders) whom are profiting from this debt. This illigal and corrupted leaders that we supposed have elected failed.. have not read your book yet, if what I mentioned above is not in it book, you are doing nothing more than adding to the problem like many others profiting from the sweat of the public.

[feltzn1]

Each Congress member pays $350 per month for a family health care plan, not $35. However there is a personal doctor for Congress that each member can use for primary care and simple health services such as flu shots.

[65crewcabpw]

The federal government must get OUT of the education, health care, welfare, fairness, speech control, wealth control, etc, business. It must be returned to it's Constitutional boundaries, which are severe and very narrow. Then, and only then, is this nation certain to succeed and prosper. This poor dufus hasn't a clue. For all his efforts, he fails to grasp the fundamental truth - government is like fire- a best to be restrained.

[65crewcabpw]

Government consumes far too much of what we have. It controls far too much. It has too much power, too much wealth, too much influence. Thus, it becomes the target for all who seek power and control, to use it to control society for selfish purposes. The ONLY way to fix this is to take government's wealth away - at least 70% of it's money and income and its ability to borrow should be GONE.

[65crewcabpw]

You do not grasp the problem, just like this guy doesn't. The problem is that govenrment has a nature. It is political. Political bodies cannot plan our future, provide our welfare, or "manage" the economy or anything else with ANY competence. People must do that for themselves. Anyone who proposes anything besides returning government back to within it's proper boundaries has absolutely NO idea what they're proposing.

[zoso418]

Only way to topple that imbalance is to become part of the mass on the other side of the scale. Some bitch, others DO, which are you?

[zoso418]

Easy to criticize, hard to be part of the solution; try listening or (gasp!) reading what intelligent solution-driven individuals such as this man have to say and thinking about which piece of the puzzle you (anyone tuned in) are /(is) and how you can best navigate the labryinth & get to the place you belong. Single-bill legislation is a promising start. Reflect on the imbalance: the people who want to know things have the least power; those who care not obviously have way too much.

[impalapez]

yes, there are wrong people in govt. Like lots of execs that go to from Monsanto and Federal positions of influence in policy that benifits their prior employers..then go back to work for monsanto

[65crewcabpw]

LOL, his premise is interesting, but utterly pointless. Government, BY DEFINITION, is incompetent. That's why wise people long ago figured out that our central government should DO VERY VERY LITTLE and should have VERY LITTLE MONEY TO SPEND.

This dufus actually thinks that the problem is the wrong people elected to office. No, the problem is the government is doing too much, and is, like any other overgrown and politicized organization... incompetent.