U.S. debt problem remains unsettled
08 06 11http://news.xinhuanet.com/english2010/i ... 033374.htm
Far from an end to the U.S. debt problem, the last-minute congressional approval of an increase in the debt limit is merely a technical time-out.
President Barack Obama on Wednesday signed legislation to increase the U.S. debt ceiling, after Congress voted in favor of a compromised bipartisan deal.
As for the details, the debt deal calls for spending cuts of roughly 900 billion U.S. dollars over 10 years, followed by a second phase of cuts to bring the 10-year total to about 2.4 trillion U.S. dollars. If achieved in full, this is only a little more than half of what is required to stabilize the ratio of public debt to gross domestic product at a safe level.
The U.S. has long been facing the same problem: living beyond its means. At present, the country has debts as high as 55 trillion U.S. dollars, including more than 14 trillion U.S. dollars of treasury bonds.
National debts equate to 176,000 U.S. dollars per person, or 670,000 U.S. dollars per household.
It seems the country will struggle to pay off the debts as its annual tax revenues just average 3 trillion U.S. dollars while the average annual incomes of middle-class families reach around 50,000 U.S. dollars.
Without any plans to increase taxes in the debt deal, spending reductions will be the only means to cut the country's deficits.
There will be a clash of opinions in Congress about this. The Democrats will firmly oppose reducing welfare expenses, while the Republicans will refuse to cut national defense budgets, as they always do.
DUMMKOPFS, ARISE !
Aug 6, 3:18 PM EDT
250,000 Israelis protest high cost of living http://hosted.ap.org/dynamic/stories/M/ ... 6-15-18-13
more than a quarter of a million Israelis poured into the streets of major cities Saturday night in a huge show of strength by the protest movement mounting the biggest challenge yet to Prime Minister Benjamin Netanyahu's government.
The numbers show the movement is gaining momentum after more than three weeks.
Factbox:Israel's cost of living demonstrators, and their demands
Sat Aug 6, 2011 5:14pm EDT http://www.reuters.com/article/2011/08/ ... H620110806
6 August 2011 Last updated at 16:48 ET
Tottenham shooting: Police cars attacked amid protesthttp://www.bbc.co.uk/news/uk-england-london-14434318
Two patrol cars have been attacked after members of a community where a young man was shot dead by police took to the streets to demand "justice".
World fails [puppet] Afghanistan despite spending billions
KABUL | Sat Aug 6, 2011 1:48pm BST http://uk.reuters.com/article/2011/08/0 ... JJ20110806
For full report URL tohttp://www.crisisgroup.org/en/regions/a ... istan.aspx
then click on Full PDF report
AID AND CONFLICT IN AFGHANISTAN
Asia Report N°210 – 4 August 2011
SUCH NEWSSTORIES AND REPORTS ARE PART OF
THE LARGER CRIMES NOT USUALLY CALLED CRIMES.
HATRED OF INDEPENDENCE IS THE LARGER CRIME HERE.
AN EMERGING CRIMINAL CODE PROSCRIBES IT.
Large Shipment of Firearms and Ammo Seized from a Lebanese Truck at Dabbousieh Crossing Point [near Homs]
Saturday, August 06, 2011- 09:10 PMhttp://www.sana.sy/eng/337/2011/08/06/362591.htm
the confiscated shipment contained 248 pieces of arms including sniper rifles, pump-action rifles and huge amounts of ammo and pastes used in the manufacturing of explosives.
-al Faidhi:UN charters and heavenly religions do give full right Iraqis to resist for liberating their countries
Thursday, 04 August 2011 01:29 http://www.heyetnet.org/eng/amsinews/59 ... tries.html
tragic results of the occupation:
a) Till 2009 March: 1.350.000 martyrs.
b) Iraq became fourth dangerous country at the list of world countries on security and peace.
c) Iraq has the most prisons in the world. There are 37 [puppet] government prisons as well as 320 secret others where % 87 prisoners do not know why they are detained! Mostly they are from a known sect at the hands of sectarian government militias.
d) There are around 5.000.000 Iraqi refugees mostly outside and inside of the country.
e) There are 3.000.000 widows and 5.000.000 orphans.
f) Between 2008 [?] and 2008 illiteracy reached at 5.000.000 Iraqis.
g) 247 Iraqi, Arab and foreign journalist were killed where 74 others are abducted without any information on their fates.
h) Baghdad became the worst city in the world for life standards. Around 8.000.000 Iraqis face with poverty.
Goodbye to Fostoria, Ohio...
A small town in the middle of everywhere
by John R MacArthurhttp://mondediplo.com/2011/08/10fostoria