June 4, 2005
Think it’s just a third world problem?
Think again.
Riskiest US debt post double digit losses
The borrowing by Congress to fund their immoral and unconstitutional wars, UN dues, 18% of the IMFs budget, billions in corporate welfare, trillions in foreign “aid,” all these social welfare programs and basic government functions continues to rack up debt at a rate of $1.69 BILLION dollars a day from an empty treasury. Quite a trick.
Fiscal gap estimated at 72 trillion and counting.
received an email recently from a 55-year-old, unemployed American who had been to 14 States looking for work. He couldn’t find any, he said, because “I am not a Mexican.”
Europe must undergo “structural reforms” - the adoption of “free market” measures, cuts in social welfare and a more “flexible” workforce - in order to boost growth. But, according to a member of the European Central Bank (ECB), these measures do not seem to be working.
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