Economic Glance
The nation’s unnerving descent into debt began a decade ago with a choice, not a crisis. In January 2001, with the budget balanced and clear sailing ahead, the Congressional Budget Office forecast ever-larger annual surpluses indefinitely.
The outlook was so rosy, the CBO said, that Washington would have enough money by the end of the decade to pay off everything it owed. 1807 Voices of caution were swept aside in the rush to take advantage of the apparent bounty. Political leaders chose to cut taxes, jack up spending and, for the first time in U.S. history, wage two wars solely with borrowed funds.
If we don't bust up Big Finance, there soon will be another financial crisis that will destroy what's left of our middle-class way of life. For all the damning evidence you’ll ever need about Wall Street corruption, take a look at the recent report from the Senate Permanent Subcommittee on Investigations, “Wall Street and the Financial Crisis:
The president of the World Bank has warned that the world is "one shock away from a full-blown crisis". Robert Zoellick cited rising food prices as the main threat to poor nations who risk "losing a generation".
Analysts who reviewed complex mortgage bonds that ultimately collapsed and ruined the U.S. housing market were threatened with firing if they lost lucrative business, prompting faulty ratings on trillions of dollars worth of junk mortgage bonds, a Senate report said Wednesday.
The Federal government is trying to establish bartering private currency of any type as an illegal enterprise in a false interpretation of the court's recent conviction of Liberty Dollar's owner Bernard Von NotHaus.
Vermont Senator 
