Larry Summers: If Tax Deal Goes Down There's A 'Significant Risk' Of A Double Dip Recession

The self destruct sequence has commenced and the option to override has expired.

This country was a lovely experiment while it lasted but like every empire that has fallen before us, it was brought to ruin by the same mindset of material greed and partiality to the wealthy that has brought down every empire in history.

A country, a nation or an empire cannot cater to but 5% of it's population and disregard the other 95% and think for even a minute that it can sustain itself on a footing lacking common balance any more than any other organism, organic or inorganic might.

It's time to rebuild this country. It is no longer a sound structure to survive in.
Read the Article at HuffingtonPost

TARP Watchdog's Report: Treasury Misled Public On Bailouts

Uh...we have no "treasury" in the common understanding of the word.
Since 1913 when we embraced the Federal Reserve, our "treasury" has been reduced to an accounting firm that merely tracks the money that we ask the "Fed" to print up for us and the skyrocketing interest vs principle that we ( after 100 years) will never escape from under.
While the term "treasury" provides some illusion to our independant solvency as a nation and a people, it is hardly representative of vaults filled with precious metals and such that provides genuine solid worth to our country's dubious fortunes or the value of our currency.
We're in debt because we bought into more a than questionable financial arrangement with national (and now international) banking systems rather than maintain a "pay as you go with currency spent, for the equal value of currency held, and now the piper must be paid; in much the same fashion as paying off a mortgage on a house or in these times, facing foreclosure.
The banks aren't failing. The banks are the Federal Reserve, collectively.
It's the Federal Reserve that is failing because it's purpose has run it's course. It and we as a nation are over extended beyond any hope of making good on even the interest on our loans, leaving both the lender and the borrower unable to secure either payment or capital on debt(s) outstanding. We are living in an economic structure best portrayed as an open ended spiral moving downward.
But be sure. We unfortunately do not have a "treasury" per se. And that's the real problem.
Read the Article at HuffingtonPost