World-News

By Tyler Durden

Not one penny of US debt has been repaid for 51 years: the last time US government funded debt actually decresed on a year-over-year basis was 1960.

http://www.informationclearinghouse.info/article28530.htm



The Evils of Unregulated Capitalism

By Joseph E Stiglitz

Remedy for the US economy: end the wars, rein in military and drug costs, and raise taxes - at least on the very rich.

http://www.informationclearinghouse.info/article28527.htm



Banking Has Become Our State Religion

By Eric Margolis

The current EU rescue package for Greece is really about rescuing the banks, not Greek citizens. Just as the US government rescue saved and enriched Wall Street while punishing Main Street.

http://www.informationclearinghouse.info/article28528.htm



CIA Says US Most Debt Ridden Nation On Earth

US Vs World Current account Balance places US at number 191, Libya is number 20 and China is number 1.

https://www.cia.gov/library/publications/the-world-factbook/rankorder/2187rank.html



New IMF chief Lagarde issues dire warning on U.S. debt default:

New IMF chief Christine Lagarde warned on Sunday that a US debt default would jeopardize global economic stability and urged warring American politicians to forge a compromise budget deal.

http://www.rawstory.com/rs/2011/07/10/new-imf-chief-lagarde-issues-dire-warning-on-u-s-debt-default/



Devastating US unemployment numbers

While talks on the debt ceiling and deficit are underway in Washington DC, a new job report highlights that numbers are way worse than analysts expected.

http://www.youtube.com/watch?v=mkuSonZNCzY&feature=player_embedded



Record one in six Americans now on food stamps as depression escalates

While the mainstream media has all but convinced most Americans that the nation is slowly climbing out of the 'recession,' new statistics released by the US Department of Agriculture (USDA) suggest otherwise.

http://www.naturalnews.com/032939_food_stamps_depression.html


From Information Clearing House

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Manufacturing Deficit Fear
http://www.commondreams.org/view/2011/07/11-13

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How deficits make you poorer

Downsize DC
by Jim Babka

07/11/11

The government is making you poor, and making you poorer still as time passes by. That s because Republican House Speaker Boehner is negotiating with the White House on how to make YOU pay high taxes, forever. If not through higher rates, than through an even more pernicious means ... INFLATION...

http://www.downsizedc.org/blog/how-deficits-are-making-you-poorer


Informant: Thomas L. Knapp



http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=US+economy
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=global+econom
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=capitalism
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=recession
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=IMF
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Boehner
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Republican
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=debt
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=deficit
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=wealthy
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Wall+Street
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Main+Street
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=unemploy
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=food+stamps
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=mainstream+media
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Central+Intelligence+Agency
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Tyler+Durden
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Joseph+E.+Stiglitz
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Eric+Margolis
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Dean+Baker
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Jim+Babka
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