Yikes! $1.342 trillion budget deficit for 2010. (Our thanks to Rourke for the link.)
B.B. suggested this article over at Zero Hedge: The Dallas Fed Reminds That The Economy Is Doing Much Worse Than In The Administration’s Worst Nightmare
US Says Bankruptcies Reach Nearly Five-Year High. (A hat tip to KAF for the link.)
M.L. recommended: When Will Financial Armageddon Begin?
Norman A. spotted this: Marc Faber – “Don’t touch US bonds”
Also from Norman: Tensions Rise in Greece
Ex-Bank of England Official: Dumping Bush Tax Cuts May Bring Depression
Items from The Economatrix:
Unemployment Spreads Like a Plague
Accountability and Transparency in the World of Big Money: Too Big to Fail and Too Big to Jail