As US Debt Tops $12 Trillion, Obama Calls for Austerity
By Bill Van Auken
That the US debt is unsustainable is beyond question. According to the Treasury Department, Washington was compelled to pay $383 billion over the course of the last fiscal year just in interest on the public debt. Given that total revenues from individual federal income taxes amount to $904 billion, 40 cents out of every dollar paid by US taxpayers is going to service the debt.
http://www.informationclearinghouse.info/article24029.htm
Economic Meltdown -- A Call for Systemic Change
By John Perkins
We have been hoodwinked into believing that a mutant form of capitalism espoused by Milton Friedman and promoted by President Reagan and every president since - one that has resulted in a world where less than 5% of us (in the United States) consume more than 25% of the resources and nearly half the rest live in poverty - is acceptable.
http://www.informationclearinghouse.info/article24027.htm
http://freepage.twoday.net/search?q=Obama
http://freepage.twoday.net/search?q=Milton+Friedman
http://freepage.twoday.net/search?q=Treasury
http://freepage.twoday.net/search?q=economic+meltdown
http://freepage.twoday.net/search?q=public+debt
http://freepage.twoday.net/search?q=taxpayer
http://freepage.twoday.net/search?q=capitalism
http://freepage.twoday.net/search?q=Bill+Van+Auken
http://freepage.twoday.net/search?q=John+Perkins
That the US debt is unsustainable is beyond question. According to the Treasury Department, Washington was compelled to pay $383 billion over the course of the last fiscal year just in interest on the public debt. Given that total revenues from individual federal income taxes amount to $904 billion, 40 cents out of every dollar paid by US taxpayers is going to service the debt.
http://www.informationclearinghouse.info/article24029.htm
Economic Meltdown -- A Call for Systemic Change
By John Perkins
We have been hoodwinked into believing that a mutant form of capitalism espoused by Milton Friedman and promoted by President Reagan and every president since - one that has resulted in a world where less than 5% of us (in the United States) consume more than 25% of the resources and nearly half the rest live in poverty - is acceptable.
http://www.informationclearinghouse.info/article24027.htm
http://freepage.twoday.net/search?q=Obama
http://freepage.twoday.net/search?q=Milton+Friedman
http://freepage.twoday.net/search?q=Treasury
http://freepage.twoday.net/search?q=economic+meltdown
http://freepage.twoday.net/search?q=public+debt
http://freepage.twoday.net/search?q=taxpayer
http://freepage.twoday.net/search?q=capitalism
http://freepage.twoday.net/search?q=Bill+Van+Auken
http://freepage.twoday.net/search?q=John+Perkins
rudkla - 22. Nov, 22:15
