Sunday, June 26, 2011
$120 trillion.
The Congressional Budget Office released a new report this week showing that the federal government’s publicly held debt would top 101% of GDP by 2021, more than the value of everything produced in this country over the course of a year. Think of it like owing more on your credit cards than your entire family income. By 2035, the publicly held debt, CBO says, could top an almost unfathomable 190% of GDP.Link
Remove your adult diaper.
A woman has filed a complaint with the Department of Homeland Security over how her elderly mother was detained and searched by Transportation Security Administration officers at the Northwest Florida Regional Airport last weekend.Link
Friday, June 24, 2011
Thursday, June 23, 2011
Greece Agrees on Austerity Plan.
Greece won the consent of a team of EU-IMF inspectors for its new five-year austerity plan after committing to an additional round of tax rises and spending cuts, both Reuters and Dow Jones reported Thursday.Link
Ron Paul goes mainstream?.............
Ron Paul 2008 was a movement. Ron Paul 2012 is trying to be a campaign. Determined to be a greater force in his third presidential run, the Texas congressman and his team have embraced some of the more traditional aspects of a White House bid: a focus on retail politicking, deeper early-state infrastructure and a full schedule of meetings with party pooh-bahs.Link
Time to end Federal Reserve secrecy.
Among the facts that the Federal Reserve would rather you didn’t know is that at the height of the financial turmoil in 2008, when average Americans were just beginning to suffer, the institution was passing out sweetheart deals to protect the powerful and well-connected. Among the beneficiaries were foreign banks, Wall Street giants and even the company that then owned MSNBC.Link
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