Economics and Investing:

G.G. flagged this: Obama’s Budget Puts 2012 Deficit at $1.33 Trillion.

Courtesy of Kevin S.: Straight Talk with Tyler Durden: The U.S. Is Free-Falling Into Bankruptcy

Items from The Economatrix:

Bad Home Loans Top $72 Billion In “Colossal Failure”

Mortgage Giants To Pay $25 Billion In Foreclosure Settlement

S&P Threatens US With Another Downgrade

Possible Next Debt Bomb:  Student Debt Pushing More People Towards Bankruptcy