Economics and Investing:

Reader S.M. pointed us to this article in The Washington Times: CBO report: Debt will rise to 90% of GDP

From Zero Hedge: Higher Yields, Lower Equities?

Another piece from Zero Hedge that several readers recommended: It’s Official – America Now Enforces Capital Controls

Damon sent this: S&P Market Indicator Downgrades US Sovereign Debt to aa+

Travis recommended this alarming piece by Dan Denninger: On Deficits And Debt-Financed Government

From George Gordon (“G.G.”) British credit rating ‘could be lowered’

The Adultsitter suggested this blog piece: FDIC Playing With Fire by Soliciting State Pension Money to Buy Toxic Assets

Items from The Economatrix:

Social Security Payout to Exceed Revenue this Year

Consumer Spending Rises Modestly; Incomes Flat

Oil Above $80 as Investors Look to Jobs Data

World Stocks, Euro Rise as Debt Worries Ease

Jupiter Financials Star Puts Half His Fund in Cash

NASDAQ: All Bubbly Again

States Seeking Cash Hope to Expand Taxes to Services

It’s The Economy Again Come Fall Vote