Go to now, ye rich men, weep and howl for your miseries that shall come upon you.
Your riches are corrupted, and your garments are motheaten.
Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days. (James 5:1-3)
Do you believe their lies when they tell you all is well?
Walker: Growing Deficit Threatens Our Future
National Public Radio
January 11, 2010
David Walker, former comptroller general of the U.S. and former head of the Government Accountability Office, says drastic decisions have yet to be made about spending cuts and taxes that would realign the federal budget. Walker tells Deborah Amos that the country's financial condition is much worse than advertised, and the growing deficit threatens our future. Walker is the author of Comeback America: Turning the Country Around and Restoring Fiscal Responsibility.
America slides deeper into depression as Wall Street revels
December was the worst month for US unemployment since the Great Recession began.
By Ambrose Evans-Pritchard
Published: 6:35PM GMT 10 Jan 2010