This isn't where we thought were going, but we didn't get here by accident.
Unforgiven: The US is “simply never going to recover.” As usual, most Americans have no idea that the recession is not over and that we are being sucked into a black hole of debt – private debt, public debt, future debt. It was fun while it lasted, spending all that money, but the hangover is going to be painful. Depressing, but the graphics are excellent.
Short Form: Personal bankruptcies are up 15% y/y.
Secret Handshake: The GOP plans to defeat financial reform just like they did health-care reform – through lies, nonsequitors, and fanning the flames of ignorance and fear. Their secret strategy also said to claim the bill was crafted in secret.
We Have Guns, Don't Travel: The Director of National Intelligence, saying he didn't want to be thought of as being careless, assured Americans today that if their government kills them while they are traveling abroad, it must get permission first. Just who has can
put out a hit legally authorize non-juridical murder of the citizenry wasn't specified.
Noise Alert: Initial claims for unemployment benefits increased last week, as did the four-week average. Continuing claims stood at 5,724,563. The Labor Department termed the data “nothing unusual.”
Energy Quiz: What renewable fuel delivers the most net energy? (a) Firewood. What source of renewable fuel requires the largest federal subsidy? (b) Iowa.
Bunch of Facts: Modern industrial societies rest on the use of fossil fuels, metals and electricity. These essentials are inextricable, each available only if the others are also available. The end will be announced after the lights go out.
Socialists, All: The government paid slightly less than half of all medical bills last year, and will pay slightly more than half by 2011. We don't want no socialized medicine 'round here, nohow.
Stop! Investigation shows an imam shot 21 times by the FBI was found handcuffed, with a shot in his back. He wouldn't stop quoting scripture.
The Way It Grows: If you haven't spent any time worrying about population lately, consider this: The UN predicts the world's population will increase by 50% by 2050. That means China and India will need 500 new multi-million inhabitant cities. A lot of these folks will want decent livings, so we've got to make 50% more of everything. And produce that much more, and even more, electricity and gasoline. Where will they all park?
Asked and Answered: Is Congress really so corrupt that Wall Street calls the shots? Yes.
Porn O'Graph: You can't buy groceries with your house – food before foreclosure.