US Must Cut Spending to Save AAA Rating, Warns Fitch

By Ambrose Evans-Pritchard

Fitch Ratings has issued the starkest warning to date that the US will lose its AAA credit rating unless acts to bring the budget deficit under control, citing a spiral in debt service costs and dependence on foreign lenders.

//www.informationclearinghouse.info/article24383.htm



Engineering Poverty

Food Stamp Profits?

Audio Report By Stacy Herbert & Max Keiser

How JP Morgan gets rich with increased poverty.
//www.informationclearinghouse.info/article24382.htm

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Just what we need: More Pentagon spending

AntiWar.Com
by Winslow T. Wheeler

01/16/10

The Defense Department spends in a few hours more than al Qaeda spends in an entire year. For this post-World War II high in spending, we get the smallest Army, Navy, and Air Force we have had since 1946. And, our tanks, ships, and aircraft are, on average, older than they have ever been before. And, major elements of our forces are getting less training than they did even during the so-called ‘hollow’ years of the Jimmy Carter Pentagon. Those levels of Pentagon spending do not include what we pay for foreign aid, arms sales and arms control, Veterans, Homeland Security, the Pentagon’s share of interest on the national debt, and more. To tally up our entire national security budget, we can get very cozy with $1 Trillion. Feeling secure? I’m not. Feeling President Obama has a handle on things? I don’t...

//tinyurl.com/yat793j


Informant: Thomas L. Knapp



//freepage.twoday.net/search?q=Obama
//freepage.twoday.net/search?q=budget+deficit
//freepage.twoday.net/search?q=foreign+lender
//freepage.twoday.net/search?q=AAA
//freepage.twoday.net/search?q=DoD
//freepage.twoday.net/search?q=cut+spending
//freepage.twoday.net/search?q=poverty
//freepage.twoday.net/search?q=food+stamp
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//freepage.twoday.net/search?q=evans-pritchard
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