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    A Banana Republic By 2012? Change for the Worse

    President Obama has presented the most irresponsible budget in US history. His fiscal year 2010 budget projects federal spending of $3.5 trillion and a federal deficit of $1.75 trillion. In other words, 50 percent of the government’s budget consists of red ink. And Americans are angry that sub-prime borrowers took mortgages they couldn’t afford.

    The bald fact is that the US government is going to have to borrow–or print–half of the money it intends to spend in Obama’s first budget. This fact has fallen through the cracks as New York Times headlines proclaim “A Bold Plan Sweeps Away Reagan Ideas.” It certainly does sweep away Reagan ideas. No Reagan budget ever presumed that the federal government could borrow half of its annual expenditures. Indeed, Obama’s budget deficit for 2010 alone exceeds the totality of “Reagan Deficits” for Reagan’s two terms of office.

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U.S. News

U.S. Army Puts Soldiers on the Street in Alabama in Response to Shootings

The U.S. Army dispatched soldiers to patrol the streets of Samson, Alabama, a small southern town where a rampaging gunman killed 10 people on Tuesday. This obvious violation of the Posse Comitatus Act prohibiting the federal uniformed services from exercising state and local law enforcement was completely ignored by the corporate media with the exception of Reuters and the London Telegraph (see photo and video).

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New World Order

Obama, the Cloward-Piven Strategy, and the New World Order

The bankers supported “communism” in order to realize “outright world-socialism, scientifically planned and directed.”

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Economy/Economics

Nobel-prize winner backs world currency

Kazakh President Nursultan Nazarbayev has won backing for his plan for a single world currency from an intellectual architect of the euro currency, Nobel-prize winner Professor Robert Mundell.

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World News

Western military forces turning inward in anticipation of domestic unrest

As the growing world-wide economic crisis deepens, military forces from Canada, the United States, and the United Kingdom are preparing to meet angry citizens on the street. The economic crisis - and the public outrage it is causing - is at the forefront of intelligence agencies and military forces in the western world.

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