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Economics and Investing:

From Joan M.: Sen. Gregg Criticizes ‘Banana Republic’ Budget Proposal [1] A quote: “The ranking Republican on the Senate Budget Committee warned on Monday that President Obama’s budget proposal will lead to unsustainable debt levels and send the country on a fiscal path resembling that of a ‘banana republic….called the deficit estimates attached to the budget plan “staggering,” and he warned that such deficits would trigger a national debt that amounts to “running your country into the ground.'”

MVR sent this interesting perspective on the US Dollar and debt from Thailand: The real US financial crisis has yet to begin [2]

G.G. sent this: U.K. Gilts Slump After First ‘Failed’ Bond Auction Since 1995 [3]

Steve W. liked this one: Daniel Hannan MEP: The devalued Prime Minister of a devalued Government [4]

Items from The Economatrix:

Economy Brings Out Entrepreneurial Spirit [5]

EU Presidency: US and UK Economic Recovery Plans are “A Way To Hell” [6]

Obama Declares “Signs of Progress” for US Economy [7]. (Shhhh! Don’t tell him about the Alt-A and Option-ARM rate resets peaking in 2010 and 2011 [8]. We mustn’t discourage him)

Goldman Sachs to Return $10 Billion Bailout [9]

Vandals Target Sir Fred Goodwin’s (Former RBS Boss) House and Car [10]

Japanese Exports Plunge 50% [11]

Czech Government Collapses Over Economic Crisis [12]. (I told you so: “If and when the global derivatives bubble ever pops, it may topple not just trading companies like Goldman Sachs, or corporations like GM, Daimler-Chrysler, or RCA, but entire nations. I’m not kidding.” (SurvivalBlog: September 25, 2006 [13].)

Freeze the $1.5 Quadrillion Derivatives as First Step to Recovery [14]

Peter Schiff: Stimulus Bill Will Lead to “Unmitigated Disaster” [15]

Ron Paul on Obama’s Stimulus [16]

Why the End of America is Closer than You Think [17]

Obama to Meet With Top Bank CEOs on Friday [18]

Airlines Group Predict Huge Industry Losses [19]

BofA Shareholder Looks to Oust CEO from Board [20]