DailyBail
S&P Global Debt Chief David Beers With Larry Kudlow On U.S. AAA Downgrade (VIDEO)
GLOBAL FINANCIAL ARMAGEDDON - If U.S. Is Downgraded By Any Ratings Agency, A Technical Default Occurs And Possibly TRILLIONS In U.S. Sovereign CDS Must Be Honored And Paid - DERIVATIVES NIGHTMARE SCENARIO
The Grand Budget Compromise Cuts A Measly $21B From Next Year's Budget Of $3.7 TRILLION - Congress Creates A Rube Goldberg Doomsday Machine
By Randy Wray, Professor of Economics at the University of Missouri-Kansas City and Senior Scholar at the Levy Economics Institute of Bard College.
Don’t you feel relieved? After weeks of threats, hostage-taking, and other forms of deficit terrorism, our two political parties have finally “compromised” on what was always a foregone conclusion.
Superficially, the spending cuts don’t look like much. The grand compromise cuts $21 billion next year from a budget of $3.7 trillion—sort of like foregoing one Big Mac from your annual food budget. In spite of all the talk about needing to take the medicine now, rather than kicking the “deficit crisis” down the road, Congress adopted a plan to kick that can right down the interstate.
Song: Brother, Can You Spare Some F.R.A.U.D. - The Federal Reserve's Accounting Unit - The Dollar
Watch this. Zappa would be proud. Bernanke prints a trillion by day.
You Want Proof That Congress Is Owned By Corporations? Check Out What They Did Right Before Going On Break
CBS News Video - June 29, 2011 - Runs 2 minutes
The K-Street lobbying whores are at it again, right on schedule.
War Spending Escapes Cuts In Debt Plan, Obama Blocks Oversight Of Mercenary Army In Iraq, When Budget Cuts Aren't Really Cuts, Debt Deal Factsheet, Some Bankers Never Learn, From Wall St. To Washington And Back Again (Links)
War Spending Escapes Any Real Cuts In Debt Plan - Washington Post
Exclusive: U.S. Blocks Oversight of Its Mercenary Army in Iraq - Wired
Meet the 17 countries in the AAA debt club - CNN
Denninger On Budget Deal - When Cuts Aren't Really Cuts
The Truth About Chinese Threats To Dump US Debt
Rahm Emanuel: Chicago Finances Are Even Worse Than Everyone Thought
29 People Who Went From Wall Street To Washington To Wall Street
Gretchen Morgenson Is Right: Bankers Have No Shame - Dean Baker
Tea Partiers Oppose Cuts to Social Security and Medicare, NOT Just Democrats
Some Bankers Never Learn - Gretchen Morgenson
OECD to Obama: Propagandize U.S. Citizens into Supporting Global Aid Projects
Charts: Weak GDP and even weaker consumption
Ding Dong: Government Calling - Karl Denninger
In Secret, Senate Panel May Re-Up Vast Surveillance Dragnet - Wired
Goldman Sachs: US Faces AAA Downgrade if it Counts End of War as Deficit Reduction
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Ronald Reagan - The Death Of Our Nation
Given tonight's GOP debate at the Reagan Library, we are bringing back a few of our previously published clips.
