World-News

http://www.lewrockwell.com/spl2/municipal-debt-racket.html

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Greenspan Says U.S. May Soon Reach Borrowing Limit

"Perceptions of a large U.S. borrowing capacity are misleading," and current long-term bond yields are masking America's debt challenge.

http://tinyurl.com/2bpg65j



California on 'verge of system failure'

Golden State, like many others, is nearly bankrupt and desperately needs a bailout.

http://tinyurl.com/23xeknm



Inside the Dire Financial State of the States

Falling prices for stocks and real estate have made mincemeat of often underfunded public pension plans. Unemployed workers have swelled the demand for welfare and Medicaid services.

http://www.time.com/time/nation/article/0,8599,1997284,00.html#ixzz0rLmInpFH


From Information Clearing House



http://sharenews.twoday.net/search?q=Greenspan
http://sharenews.twoday.net/search?q=debt
http://sharenews.twoday.net/search?q=bailout
http://freepage.twoday.net/search?q=real+estate
http://sharenews.twoday.net/search?q=unemploy
http://sharenews.twoday.net/search?q=Steven+Malanga