Government Debt Crisis: The Perils of Amputation Without Diagnosis

IDGA Editor

If the recent agony over raising the deficit ceiling in the U.S. and the financial turmoil over euro-zone debt is anything to go by, reducing government deficits and cutting back on the programs that fuel them is more important than ever. But where do you start? Peter Drucker’s theories provide government decision makers with some guidance. If there are five birds resting on a branch and one decides to fly away, how many birds remain? Of course, you realize this is a trick question....
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