Defense And War Spending Equal 94% Of All Federal Income Tax Revenues

The Real U.S. Budget Problem

In 2010, the US government collected $898 billion in federal income tax revenues. The same year, we spent $847 billion on useless wars and national defense.

http://is.gd/9Vpo1s



CHART SHOCK: The REAL US Unemployment Rate Is 22%

It s now above 23% with the October update. Details from John William s Shadow Stats.

http://is.gd/eX1IhB



Austerity to last until 2018, admits George Osborne

The Chancellor confirmed that Britain s growth figures had been significantly downgraded with further public sector spending cuts and tax rises ahead.

http://is.gd/8TJe6n


From Information Clearing House

--------

The Cost of Austerity? Just Look at the UK Economy, It s a Mess

Christopher Ryan, America Blog: The next time any Republican, or center-right Democrat, calls for austerity wake them up and tell them to read the news beyond their hometown or inside the Beltway.

http://truth-out.org/opinion/item/13201-the-cost-of-austerity-just-look-at-the-uk-economy-its-a-mess



Budget Thugs: What Do They Know About the Economy?

Dean Baker, Truthout: They missed the housing bubble that put us in these dire straits. Now they want us to trust their demands for cuts to social welfare programs.

http://truth-out.org/news/item/13247-the-budget-thugs-what-do-they-know-about-the-economy



Fiscal Cliff: Going Nuclear and the Grand Betrayal

Paul Jay, The Real News Network: Bill Black, an associate professor of economics and law, says the GOP threatens to use the debt ceiling as leverage to create conditions for more austerity measures by Obama.

http://truth-out.org/news/item/13610-fiscal-cliff-going-nuclear-and-the-grand-betrayal

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More Phony Employment Numbers
http://lewrockwell.com/roberts/roberts379.html

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Washington s Austerity Plan Threatens the 50 Million Americans Already in Poverty
http://www.commondreams.org/view/2012/12/21-2

---------

The plunder continues

Future of Freedom Foundation
by Tim Kelly

01/11/13

It was clear the fix was in the moment the term 'fiscal cliff' was coined to describe the series of spending cuts and tax increases that were set to kick in on January 1, 2013. The American people were told in 2011 that the debt ceiling needed to be raised again to avert an outright default on the national debt...

http://tinyurl.com/cbahzgv


Informant: Thomas L. Knapp



http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Obama
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=GOP
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=debt
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=budget
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=fiscal+cliff
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=national+defense
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http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=bubble
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http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Christopher+Ryan
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=com/roberts
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http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Paul+Jay
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