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► Storm could upend campaign travel plans - By JULIE PACE and KEN THOMAS | Associated Press
► Romney on economy: Obama 'made the problem worse' - By DAVID ESPO and STEVE PEOPLES | Associated Press
It has been four years Americans go bankrupt. America - let's see - no longer afford and control the world. Now the richest country in the world to be the most debt-laden country in the world. Super power that once used to lend to other nations will be ready to sink with a debt of approximately $ 14 trillion and threatened with the unpaid debts.
If we look at the past, when Bill Clinton left the White House and continued by George Bush in 2000 there was a surplus of $ 300 billion. When Bush allocated a large amount of spending on the military, especially after the 9/11, the surplus turned into a deficit. In the first two years, a surplus of $ 300 billion had been spent. In the next two years rose to 600 billion dollars. In the next two years, the debt had ballooned to $ 900 billion. In 2009, even reaching $ 1.2 trillion. Today, nearly $ 1.7 trillion, it is unprecedented in American history.
These conditions forced Americans to borrow more money and change their economic policy. The U.S. uncontrollably owes in large numbers from Japan, China, Saudi Arabia and other Gulf countries. In the first period of the Bush presidency, the debt reached $ 7.6 trillion. But in his second reign, debt rose to $ 10.6 trillion. Today is reached at $ 14.2 trillion. More than half of this debt occurred in the last six years, when the wars in Iraq and Afghanistan has reached its peak. If we spread the amount of American people's debt, then every American has arrears approximately $ 45,300.
Local analysts say, America must spend $ 1.3 trillion more of their income in the current year. Because the budget deficit increased by $ 400 million per day, then it can be imagined how its daily's debt circulation. This means America has to borrow 40 cents of every dollar spent. On January 15, 2012, U.S. Treasury secretary said this has never happened before in the U.S. history. Ironically, the two major parties in the country blame the crisis. Congress was forced to remove the legal restrictions on the debt to the government to borrow more money, or cut spending in large quantities.
But no matter what steps are taken, there will be no difference. In war era, the debts usually are increasing, but never as bad as Bush period.
The problem is the interest of $ 6 trillion dollars will be added to $ 14 trillion worth of debt. Actual interest is $ 9 hundred million but for some reason it becomes up to the $ 600 million, and this is because of ::
* The government can not pay it back, so the interest will proliferate.
* Lenders (states, companies, banks, individuals etc.) raise the interest rates.
* The government has lost credibility with creditors and enforce the rules made by themselves.
* The government continues to issue military spending and the budget sector in a high level. Therefore both the Iraq and Afghanistan were backed by loans.
Pentagon budget for the year 2011 reached $ 717 million. An additional amount of $ 200 billion was allocated to the wars in Afghanistan and Iraq with the label "War on Terror."
The Soviet Union is dead now. Warsaw Pact is buried. The war in Afghanistan and Iraq has left behind three main questions unsolved:
1. If Bush is not a president, will Americans have lost so much?
2. If Bush is not a president, will America not be in this bad debt?
3. Is American not so severe crisis if the country is not in the circle?
All the answers can be very negative. Afghanistan and Iraq wars affect the stock market. Companies are broken and bankrupt. In 2007-2008, a major regional crisis began. This leads to deficits that affect the financial and commercial real estate sectors. The economics is melted, and the debt grows. The dollar is printed without any support, shrinking the value and increase the inflation and fiscal deficits.
Large companies experiencing peak of the crisis, forcing the government to save them from bankruptcy by giving them billions of dollars. All of these chain America and it seems difficult to be removed.
The former Soviet Union would not admit that the war in Afghanistan has drowned them. By the same token, The U.S. is not ready to accept the bitter reality that the main cause behind the crisis is the war in Afghanistan.
How and when Americans can alleviate their $ 14.2 trillion? The answer is still ambiguous. Is this a storm just like the strong waves of the Red Sea that had swallowed Pharaoh and will swallow it forever?
*****
(CZ-lacalifusa102712)
► Economy in focus as Romney faces new questions - By JULIE PACE and STEVE PEOPLES | Associated Press – Fri, Oct 26, 2012
► Obama or Romney? How 5 undecided voters are making up their minds. One by one, voters who couldn’t decide between President Obama and Mitt Romney are making up their minds.Last month, the Monitor profiled five undecided voters whose allegiances were especially prized because they live in swing states. Now, less than two weeks before Election Day, we check in with them to see what they’re thinking now. - Christian Science Monitor
► Berlusconi denounces verdict, 'political' judges - By COLLEEN BARRY | Associated Press || Italy's Berlusconi sentenced to jail for tax fraud - By Sara Rossi | Reuters
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► Al Qaeda's Zawahri calls for kidnap of Westerners - Reuters
"Do not incite the Muslims to kidnap Westerners in the name of Islam, Zawahri! Muslims, do not allow yourself to be provoked by this man! Listen! listen up! He voiced the same thing as the U.S. voice to Syria. .. ehehhee...Are you the U.S, Zawahri?"
"No, Cisca. They only had the same interests in Syria."
"Oh? So, they could be friends because of the same interests?"
"What? Friends? Oh, no. Come on, you know,... there's no true friend or a true enemy in politics, but the same interests."
"So, they can be friends while achieving the same interests, and when it has been reached, they will be back at loggerheads,...is that what you mean?"
"Well... something like that, more or less."
"Wow, nice. They are like the characters in my favorite cartoons, such as Tom and Jerry...ehehehee...."
► Photos of the Day. A roundup of today's best photos. (Putin)
► Underwater Dogs (PHOTOS)
► 27 October 2012 - Berlusconi set to appeal against tax fraud conviction
► 27 October 2012 - Berlusconi 'obliged' to stay in Italian politics
► 27 October 2012- Burma: HRW satellite images 'show Rakhine destruction'
► 26 October 2012 - The West Bank's most impressive Yasser Arafat lookalike | By Jon Donnison BBC News, Ramallah
► 27 October 2012 - Romney promises 'real change' to Obama's 'status quo'
► 26 October 2012 - US economic growth up sharply in third quarter
► 26 October 2012 - What sitcoms say about American voters | By Tim Stanley University of Oxford
► 26 October 2012 - Bosnian Muslim Senad Hadzic walks to Mecca via Syria
► 27 October 2012 - Difficulties of schooling Syria's refugee children
► China's new leaders. Beijing's 10-yearly leadership handover
► 27 October 2012 - Albino models setting the trend for Africa | By Kate Forbes BBC News, Johannesburg
► Lance Armstrong's Tour de France victories will not be reallocated
► 27 October 2012 - 'Frankenstorm' bears down on US east coast
► 26 October 2012 :: Life in the shadow of Mount Etna
► 27 October 2012 - Psy-ops: Tuning the Afghans into radio By Caroline Wyatt - Defence correspondent, BBC News
► 26 October 2012 - Venezuela's lost world | By Sarah Grainger
► 26 October 2012 - Old Las Vegas gets a new neon home
► 25 October 2012 - Dublin's chilly tradition | By Jessica Colley
► 26 October 2012 - In pictures: Hollywood unseen
► VIDEO - Red pandas at Cotswold Wildlife Park
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► NSA's secretive surveillance program goes to the Supreme Court. Published: 26 October, 2012
► UK refuses to 'violate international law' and aid US in Iran strike prep? Published: 26 October, 2012 - Edited: 26 October, 2012
► No Eid ceasefire for Syria: Car bomb rocks Damascus, fighting rages at checkpoints (PHOTOS, VIDEO). Published: 26 October, 2012 - Edited: 26 October, 2012
► Nearly 150 dead since Eid ceasefire began in Syria – reports. Published: 27 October, 2012
► Worst storm in 100 years: East Coast waits in terror for Frankenstorm. Published: 26 October, 2012
► Outrage as Picasso painting 'vandal' gets gallery show. Published: 26 October, 2012
► First black James Bond? 'Prometheus' star shortlisted to play next 007. Published: 26 October, 2012
► French parliament eyes plan for govt to pay for all abortions. Published: 27 October, 2012
► Putin had 'mixed feelings' on plan for Rosneft buyout of TNK-BP. Published: 26 October, 2012
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► In Burma, Another Round of Ethnic Unrest Threatens Fragile Reforms - By Hannah Beech | Oct. 26, 2012
By Hannah Beech
* Sectarian Unrest in Burma ( PHOTOS)Latest Headlines
* Burma's 'New Era': A Long Road Ahead
■ FDA: Pharmacy Tied to Outbreak Knew of Bacteria► A Year After Irene, U.S. Prepares for Superstorm
■ Sen. Reid Discharged from Hospital After Car Crash
■ Panetta: U.S. Lacked Intel on Benghazi
■ Man Charged with Trying to Cheat Facebook
■ FDA: Mold, Bacteria at Pharmacy Tied to Outbreak
■ Damascus: Car Bombing Dashes Truce Hopes
■ Sandy Pounds Bahamas after Killing 39 in Caribbean
■ Syrian Toddler Believed Dead Reunited With Parents
■ U.S. Returns 4K Archaeological Relics to Mexico
■ Official: Suicide Bomber Kills 36 in Afghanistan
■ U.S. Economic Growth Improves to 2% Rate in Q3
■ CNN: Armstrong's Tour Titles Won't Be Awarded
■ CNN: Live Hurricane Tracker
► Why Hurricane Sandy Could Be the Perfect Storm
► Shifting Defense Expenditures in East Asia
► Behavior Therapy Normalizes Brains of Autistic Children
► The Mac's Future in a Mobile World
* Apple Slims Down the iMac► Best and Worst Months to Be Born If You Want to be the Boss
► Mexico's Drug Lords Ramp Up Their Arsenals with RPGs
► Street View and Beyond: Google's Influence on Photography
► Hurricane Sandy Wreaks Havoc in Caribbean -Oct. 26, 2012
► Pictures of the Week: October 19 – 26
► The 14 Best (Topical) Halloween Costumes of 2012
► Obama campaign strives to revive black enthusiasm
By Kathleen Hennessey - African American voters endorse the president in surveys, but some of the fervor that sent many to the polls in 2008 is lacking.
* Romney spends big on firms with ties to aides
■ Romney and Ryan team up in battleground Ohio► Hurricane Sandy treks north, leaves 43 dead in Caribbean || It's 'Frankenstorm'! It's the economy! It's both!
■ Rupert Murdoch, Fox News' big boss, happy with Romney campaign
■ Sen. Harry Reid OK to leave hospital after Vegas freeway crash
■ Texas battles outside poll watchers
► Suspect held in Downey shootings identified
► O.C. counterfeiter gets 25 years in prison
► Measure J campaign hauls in nearly $2 million
► Thousands of Muslims gather in prayer at Angel Stadium
► Wells Fargo sends refunds to some FHA loan customers
► Billboard firm wrote L.A. proposal on signs
► The city's suffering stray animals desperately need help
► A fabric with the power to ward off pathogens
► A High Sierra state of mind || PHOTO
► FRAMEWORK
■ High Sierra challenge | Posted By: Marc Martin October 25, 2012
■ Pictures in the News | October 26, 2012 - Posted By: Marc Martin
PICTURE TODAY
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