The truth behind the “budget slashing” rhetoric: Debt Jumped $54.1 Billion in 8 Days Preceding Obama-Boehner Deal to Cut $38.5 Billion for Rest of Year [1]
If you thought that the systematic looting of the Social Security trust fund was bad, then read this sad portent of future thievery: Treasury may borrow federal retirement funds in debt emergency [2]. (“No cause for alarm. Nothing to see here, move along…”)
Over at The Daily Bell: The Story of Entitlement Addiction [3]
Items from The Economatrix:
Shopper Spending Surprisingly Strong in March [4] (Monetization as stimulus?)
Ron Paul: Gold, Commodity Prices “Big Event” Signaling Economic Collapse [5]