The NY Times reports “…the federal government plans to plant its own bold garden directly above a downtown plaza (by renovating the Edith Green-Wendell Wyatt Federal Building), As part of a $133 million renovation,…”
The building “was completed in 1975 and is currently 18 stories of concrete, glass and minimal inspiration.”
Let’s hope this is not premature!
I saw this first on Instapundit:
So says Ambrose Evans-Pritchard in the UK Telegraph.
“The debt situation is irrecoverable,” said Carl Weinberg from High Frequency Economics. “I don’t see any orderly way out of this. They will not be able to fund their deficit. There will be a fiscal shutdown, a pension haircut, and bank failures that will rock the world. It is criminally negligent that rating agencies are not blowing the whistle on this.”
Got Gold?
This is a stunning image courtesy of JS MineSet website :
Obama administration closes the books on fiscal 2009: Falling revenue plus soaring spending leads to a $1.42 trillion deficit.
It’s not going to get better. Projected deficits for the out years:
$1.4 trillion: 2010 deficit (Projection by Congressional Budget Office)
$974 billion: 2011 deficit (projected)
$633 billion: 2012 deficit (projected)
If we look at total debt as a percentage of GDP:
NATIONAL DEBT TO GDP (All figures for 2008):
40.8 percent: United States (soon to be over 100% and some argue that the present value of all U.S. debt is over $60 Trillion)
90.2 percent: Belgium
107.9 percent: Greece
60.6 percent: UK
54.2 percent: France
38.9 percent: Germany
GOT GOLD?
The latest from Defeat The Debt.com:
Hat tip Instapundit
There’s a whole lot of meat and potatoes in this video. Talk of the recession being over seems a little premature, to put it mildly.
Visit msnbc.com for Breaking News, World News, and News about the Economy
I liked this email so much, I’m quoting the whole thing:
Do you look for ways to comment on boring? complicated political or policy issues in a way that doesn’t make your readers’ eyes glaze over? So do we. That’s why we (the Competitive Enterprise Institute) are launching this new video series and YouTube channel called “Policy Translated.” A policy wonk explains how law makers and special interests are really screwing up going wrong - bailing out banks, regulating the Internet or meddling in some other important part of our lives. And then subtitles translate the wonk-speak into English (or, maybe Urban Dictionary English). The project is the brilliant idea of the new Bureaucrash “Crasher-in-Chief” Lee Doren all the brilliant people at CEI.
Policy Translated: Introduction
Policy Translated – Stimulus Spending:
I finally understand government speak, but I need help so I’m going to subscribe.
