World-News

http://www.commondreams.org/headline/2011/06/08-4

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Zombie Spending on Things Already Consumed
http://lewrockwell.com/bonner/bonner477.html

Death by Debt
http://lewrockwell.com/orig12/martenson7.1.1.html

Ventura: 'Abolish All Political Parties'
http://lewrockwell.com/slavo/slavo43.1.html

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US government debt to exceed size of the economy this year

Chicago Tribune

06/08/11

A recent Treasury report noted that national [sic] debt will exceed the size of the economy this year - a first since World War II. A year ago, the Treasury had estimated that notorious record wouldn t be hit until 2014. Now the expectation is that total debt to GDP will top 102 perce[n]t this year, up from the earlier estimate of 96.4 percent...

http://tinyurl.com/6a36gpc



Shocking the economy

Boston Globe
by Jeff Jacoby

06/08/11

For three years, under presidents of both parties, the federal government has pumped trillions of borrowed dollars into stimulus, bailout, and recovery spending. The results have been woeful: Two years after the recession formally ended, the country is mired in a bleak economic lassitude from which it seems unable to rouse itself. Now the wretched news of recent weeks - feeble GDP growth, painful foreclosure rates, slipping car sales, a drop in factory orders, ever more Americans on food stamps - has grown even worse...

http://tinyurl.com/428tu9c



The drug war is a moral and fiscal disaster

Downsize DC Downsize DC
by Jim Babka

06/08/11

Sure, some people trumpet drug war 'successes.' After the crackdowns, dealers invent more dangerous drugs. Then you regulate how much cold medicine I can buy. In the meantime ... The U.S. is going bankrupt. Here s a budget cutting idea: Stop imprisoning non-violent drug offenders. We have the highest prison rate in the world, and four out of five inmates are locked up for drug related offenses...

http://tinyurl.com/3f7mhwu



Silent explosion

Idaho Liberty
by Ted Dunlap

06/06/11

The Chinese government just went from holding a peak $210.4 billion of U.S.A. Treasury Bills in May 2009 to $5.69 billion in March 2011. Most of their divestiture in the last few months. This is HUGE .... and you have to search 'China US Treasury bills' in order to hear or read anything about it...

http://idaholiberty.com/?p=609



When all you have is a hammer

Independent Institute
by Anthony Gregory

06/07/11

Fed Chairman Ben Bernanke is troubled by the unemployment rate that has crept back upwards, and the 'frustratingly slow' economic recovery. And so what does he propose? More of the same, of course. More liquidity and a base interest rate kept near zero. You see, this is practically the only tool he has: monetary stimulus, which is another word for inflation, if we define this in terms of a rising money supply rather than rising prices, the latter of which is properly seen as a natural consequence of the former...

http://blog.independent.org/2011/06/07/when-all-you-have-is-a-hammer/


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=Bush+legacy
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http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Jesse+Ventura
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=bipartisan
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=global+war+on+drugs
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http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=stimulus
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=bailout
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http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=com/bonner
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http://freepage.twoday.net/search?q=Ted+Dunlap
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Anthony+Gregory
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=/martenson
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=/slavo
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