Economics and Investing:

Curtis R. sent this: Why $16 Trillion Only Hints at the True U.S. Debt

Fiscal Cliff: Why The Government Is Gambling With Our Economy

Reader B. B. sent this: Those Fleeing Obama’s America: Prepare to be taxed

Also from B.B.: When Work Is Punished: The Tragedy Of America’s Welfare State (Don’t miss reading the comments, but be forewarned that there is some foul language.)

Items from The Economatrix:

Sales of US New Homes Fell 0.3% in October

Unemployment Rates Fall In Most Large Cities

Fed Survey:  US Economy Growing At Steady Pace