By Michael Hudson
Governments are told to pay bailout debts taken on not to defend countries in military warfare as in times past, but to benefit the wealthiest layer of the population by shifting its losses onto taxpayers.
http://www.informationclearinghouse.info/article32754.htm
Why Congress Can t Balance The Budget
Video
The answer will shock you!
http://www.informationclearinghouse.info/article32765.htm
America R.I.P.
By Paul Craig Roberts
''The United States will be a third world country in 20 years.''
http://www.informationclearinghouse.info/article32775.htm
'U.S. Per Person Debt Now 35 Percent Higher than that of Greece'
''On a per person basis, that means U.S. debt is $53,400 for every man, woman, and child, compared to $39,400 for every man, woman, and child in Greece.
http://is.gd/QE6k5w
From Information Clearing House
--------
Summer Camp for Super Rich Kids: Training Ground for the Future 1%
http://www.commondreams.org/headline/2012/10/18-5
On Deficit Hawks and Hypocrites
http://www.commondreams.org/view/2012/11/12-4
--------
The military budget is another bubble
Nolan Chart
by Kenn Jacobine
10/30/12
[T]ime and again in the Twentieth Century, from the stock market crash of 1929 to the dot com bubble of the late 1990s, the fingerprints of Fed manipulation and monetary price fixing have been all over every economic downturn and crisis. Now, there are other bubbles in our economy that have yet to burst. These are the bubbles that are insulated from bursting by politics. They include higher education and defense spending. In terms of defense spending, the political forces that protect it are currently working overtime to maintain that bubble...
http://tinyurl.com/cx3urlg
Informant: Thomas L. Knapp
--------
Unraveling the ''Future Generations'' Debt Debate
Paul Krugman, Krugman & Co.: While foreign ownership of American assets, not just government debt, is a complication, the common claim that deficits mean that we are selling our birthright to the Chinese makes no sense at all.
http://truth-out.org/opinion/item/12470-unraveling-the-future-generations-debt-debate
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Greece
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=US+Congress
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=hypocrit
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=defense+spending
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=economic+downturn
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=budget
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=deficit
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=debt
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=bailout
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=industrial+complex
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=stock+market
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=manipulation
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=bubble
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=wealthy
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=super-rich
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=taxpayer
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Michael+Hudson
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Paul+Craig+Roberts
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Kenn+Jacobine
http://www.sharenews-blog.com:8090/helma/twoday/sharenews/search?q=Paul+Krugman
-----
