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Cover-up of the Sick Economy

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Several years ago United States Comptroller General David Walker informed Congress and the White House that the accrued liabilities of the US government exceeded the ability to pay. Yet, "our" leaders ignored the Comptroller General and rushed headlong to add more trillions of dollars to federal liabilities.  In effect, the United States is bankrupt at this present moment.  According to generally accepted accounting principles, the federal government has a negative net worth of $59.3 trillion.  

Who is going to lend to a bankrupt government that is ruled by financial crooks, the military-security complex, and the Israel Lobby?  How long will the world finance US aggression that disrupts energy prices, keeps the world on edge, and makes America's creditors complicit in war crimes?

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http://www.paulcraigroberts.org/

Paul Craig Roberts was an editor of the Wall Street Journal and an Assistant Secretary of the U.S. Treasury. His latest book, HOW THE ECONOMY WAS LOST, has just been published by CounterPunch/AK Press. He was awarded the Treasury Department's (more...)
 

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Well done, Brownie!!!! by oliver j dragon on Thursday, Jan 15, 2009 at 7:00:19 AM
Not the 'Illuminati,' OliverJ.Dragon, the Dominionist did it by nightgaunt on Thursday, Jan 15, 2009 at 11:29:06 AM
A rose by any other name... by William Whitten on Thursday, Jan 15, 2009 at 11:48:19 AM
yup... by William Whitten on Thursday, Jan 15, 2009 at 11:50:56 AM
THANKS! by mike montagne on Thursday, Jan 15, 2009 at 11:59:09 AM
Not feasible... by Matthew Peters on Thursday, Jan 15, 2009 at 12:18:50 PM
Not Feasible For the Crooks Who Sold Them by mike montagne on Thursday, Jan 15, 2009 at 6:43:34 PM
what happened to my first comment? by Jim Eldon on Thursday, Jan 15, 2009 at 4:43:45 PM
Why are we in debt? by wagelaborer on Thursday, Jan 15, 2009 at 8:12:49 PM
Mind-boggling by Perry Logan on Friday, Jan 16, 2009 at 5:25:01 AM
It was only a Mind-boggling lie... by mike montagne on Monday, Jan 19, 2009 at 1:19:57 PM
Over-Worked and Underlaid in the Mini-Mallcade by STEVE RISK on Sunday, Jan 18, 2009 at 1:14:09 PM
RECOGNIZING THE FACTS AND INSTANCES AT HAND by mike montagne on Monday, Jan 19, 2009 at 1:07:01 PM
WHY WE ARE IN DEBT by mike montagne on Monday, Jan 19, 2009 at 12:52:30 PM