World-News

http://www.commondreams.org/newswire/2011/07/28-5

The Question Nobody in the Debt Debate Can Answer
http://www.commondreams.org/video/2011/07/28

Cheap Grace and American Patriotism
http://www.commondreams.org/view/2011/07/28-1

Making Us Clamor for Our Own Demise
http://www.commondreams.org/view/2011/07/28-2

The Tax-Free American Aristocracy
http://www.commondreams.org/view/2011/07/28

Institute for Public Accuracy (IPA): Debt Ceiling 'Theatre' not a 'Balanced Approach'
http://www.commondreams.org/newswire/2011/07/28-6

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The collateral is us

Future of Freedom Foundation
by Richard Schwartzman

07/28/11

The witching hour is nigh and the threat of the U.S. defaulting on the federal debt is being bandied about as if it were the boogeyman. Fear mongers from the left and right both say the country will go belly up unless the debt ceiling is raised by the Aug. 2 deadline, that it will no longer be able to pay on its $14.3 trillion debt or honor other financial obligations unless it goes further into debt by borrowing more money...

http://www.fff.org/comment/com1107v.asp



Is the president in recovery?

Orange County Register
by Victor Davis Hanson

07/28/11

President Obama does not care much about deficits - other than worrying that big debt might matter in his re-election campaign. In his first three budgets, Obama borrowed nearly $5 trillion. ... This spring he proposed the largest annual deficit in U.S. peacetime history, which is why his $3.7 trillion budget for 2012 was rejected in the Senate by a 97-0 vote. In other words, under Obama, the government during the last three years has borrowed on average about $4 billion each day...

http://tinyurl.com/3m5vmpp



Debt debate: A pox on both parties

Cato Institute
by Jeffrey A. Miron

07/28/11

As the August 2 deadline looms for Congress to extend the debt ceiling, Democrats and Republicans are both fiddling while Rome burns. Each party has valid concerns about the other s approach to avoiding default, yet each is relying on counterproductive articles of faith. To address the debt crisis, both sides must give up their cherished, but misguided, ideas...

http://www.cato.org/pub_display.php?pub_id=13489



It?s not 'default'
Slate
by Annie Lowrey

07/27/11

Yes, something awful and weird will happen in early August, but it isn t going to be default. The Treasury will need to issue more bonds to make promised payments to the country s creditors, senior citizens, federal employees, and so on. Without that extra cash, the federal government will need to miss 40 to 45 percent of its payments, according to calculations by the Bipartisan Policy Center. But that is not default. Default is too tidy a term for it. The chaos that might hit after Aug. 2 has no precedent, and therefore no name...

http://www.slate.com/id/2300207/


Informant: Thomas L. Knapp

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Godly South Carolina Tea Party congressmen bring US closer to default
http://www.ufppc.org/us-a-world-news-mainmenu-35/10464/



http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Obama
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http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Richard+Schwartzman
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