The Real U.S. Budget Problem: Defense & War Spending Equal 94% Of All Federal Income Tax Revenues: In 2010, the US government collected $898 billion in federal income tax revenues. The same year, we spent $847 billion on useless wars and national defense.
CHART SHOCK: The REAL US Unemployment Rate Is 22%... It's now above 23% with the October update. Details from John William's Shadow Stats.
Austerity to last until 2018, admits George Osborne: The Chancellor confirmed that Britain’s growth figures had been significantly downgraded with further public sector spending cuts and tax rises ahead
Irish ministers defend budget after media, public lambasting: "Shame on you!", Carolyn Akintola, a carer who looks after her sick mother despite being wheelchair-bound herself, shouted down the phone at the ministers after estimating that allowance cuts would leave her over 500 euros worse off next year.
Greek jobless rate up to 26 percent: The Greek Statistical Authority said Thursday that 1.295 million people were recorded as being unemployed in September, pushing up the jobless rate up from 25.3 the previous month and 18.9 percent a year earlier.
S&P lowers Greece's credit rating to 'selective default' on auction plans: S&P says it sees the buyback as essentially a distressed debt restructuring tantamount to a default. The rating agency says it may raise its long-term credit rating on Greece back to junk-grade "CCC" once the buyback is complete.
Nigel Farage: We are now living in a German dominated Europe: 2 Minute Video -
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