J.D.D. recommended this by Charles Hugh Smith: Social Security in far worse shape than you think 
Pierre M. was the first of several readers to send this: A Path is Sought for States to Escape Their Debt Burdens . (That “path” is declaring bankruptcy and defaulting on their pension obligations!) Meanwhile, we read: DeMint: There Will Be No Bailout for the States .
Rick Ackerman: Bullion shorts in over their heads, says our man in London 
Items from The Economatrix: