Deficit Nonchalance

By Paul Craig Roberts

The fiscal year 2009 federal budget deficit that Obama is inheriting, and adding to, will be ten times larger in absolute terms than Reagan's biggest and a much larger share of GDP in percentage terms. Yet, economists are sending up no alarms.

http://informationclearinghouse.info/article21977.htm



Obama, like Bush, is Throwing Public Money into a Black Hole

By Prof. Rodrigue Tremblay

Tuesday, February 10, may be the date when the U.S. economy officially entered into an economic depression. This was when President Obama's Treasury Secretary, Timothy Geithner, announced that the Obama administration was about to expand Bush's Secretary Paulson's $700-billion plan to rescue large U.S. banks from insolvency.

http://informationclearinghouse.info/article21974.htm



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