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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (84406)	5/21/2010 3:25:19 PM
From: JakeStraw	4 Recommendations Respond to of 224729

The Bankrupting of America The American public feels it is drowning in red ink. It is dismayed and even outraged at the burgeoning national deficits, unbalanced state and local budgets, and accounting that often masks the extent of indebtedness online.wsj.com

To: Kenneth E. Phillipps who wrote (84406)	5/21/2010 3:27:32 PM
From: JakeStraw	1 Recommendation Read Replies (1) \| Respond to of 224729

Government: The Next Bubble To Burst The economic collapse of Greece is a wake-up call. The unsustainable combination of a bloated public bureaucracy, high deficit spending and unfunded pension obligations busted Greece's government bubble. Now the birthplace of modern democracy is on the brink of becoming a failed state. The Bank of England recently warned that the U.S. is on the road to the same fiscal failure as Greece, and the Obama administration's insistence on massive public spending and increasing deficits is the reason. At this rate, the U.S. government will be the next economic bubble to burst. investors.com

To: Kenneth E. Phillipps who wrote (84406)	5/21/2010 3:33:29 PM
From: JakeStraw	2 Recommendations Respond to of 224729

Obama’s vision of democracy also does not include permitting Americans to learn which banks and other financial institutions received trillions of dollars of subsidies and guarantees from the Federal Reserve. Sen. Bernie Sanders (Ind.-Vt.) and Rep. Ron Paul (R-Tx) pushed an “Audit the Federal Reserve” amendment to the financial regulation bill. But the Obama White House acted as if disclosing the names of the lucky companies that received windfall benefits would violate the rights of the biggest welfare recipients in American history. Attention Deficit Democracy begets Leviathan because rulers exploit people’s ignorance to seize more power over them. The contract between rulers and ruled is replaced by a blank check. And regardless of how many secrets the government keeps, the rulers still act like the people are liable for all the government’s abuses. counterpunch.org

To: Kenneth E. Phillipps who wrote (84406)	5/21/2010 3:35:46 PM
From: JakeStraw	1 Recommendation Respond to of 224729

The Treasury Department said Wednesday that the federal deficit for April soared to $82.7 billion, the largest imbalance for that month on record. That was significantly higher than last year's April deficit of $20 billion and above the $30 billion deficit that private-sector economists had expected. washingtonpost.com

To: Kenneth E. Phillipps who wrote (84406)	5/22/2010 12:15:15 PM
From: Hope Praytochange	1 Recommendation Respond to of 224729

Blue Chips Drop 4.02% for Week By DONNA KARDOS YESALAVICH NEW YORK—Stocks closed higher, led by financial companies, including J.P. Morgan Chase, Bank of America and American Express, after the Senate passed a financial-overhaul bill. The Dow Jones Industrial Average rose 125.38 points, or 1.25%, to 10193.39. For the week, the measure fell 4.02%, its largest weekly drop since the week ended May 7, the day after the so-called flash crash. The Dow is now off 2.25% for the year to date. achievements of idiot odumba