Titanic Of Debt Clocks.
Rep. Paul Ryan: Obama’s New Budget Will ‘Literally Crash the U.S. Economy’
(CNSNews.com) – Rep. Paul Ryan (R.-Wis.), the ranking member of the House Budget Committee, told CNSNews.com that the new fiscal year 2011 budget proposed by President Barack Obama will “literally crash the U.S. economy” with the additional debt it plans for [...]

Is there a bigger indicator that the ship is sinking?  Maybe the unemployment rate over 20% in 8 counties in California is bigger? (Colusa: 27.4%, Imperial: 27.3%, Merced: 21.7%, Plumas: 22.3%, San Benito: 21.1%, Sutter: 21%, Trinity: 25.8%, Yuba: 20.4%)
States may hold onto tax refunds for months

Residents eager to get their state tax [...]

Shock! Dismay!  Not really.  How long have we been listening to them beat the drum for a new reserve currency to replace the dollar?  That will only happen if the elitists running this country decide it is in their best interest to do so, and I don’t think we are there just yet.
Head of IMF [...]

This should be interesting….
Scott Brown joins Dems and votes to end debate on jobs bill
Newly-seated Republican Sen. Scott Brown (Mass.) on Monday joined Democrats in voting to end debate on their $15 billion jobs bill.
Brown crossed the aisle after Majority Leader Harry Reid (D-Nev.) nixed an $85 billion, bipartisan plan in favor of a more [...]

No one is going to argue that teachers, firefighters, and policemen deserve better wages and benefits considering the crucial work they do.  Most would argue though that “other public sector employees” probably should not be growing at an alarming rate when one looks at the numbers facing the states.
From FT:
US states face $1,000bn retirement gap
By [...]

Ain’t gonna happen, but does raise the issue a notch.  The silver lining to the impending economic storm?  When it comes time to pay the piper, it will be our opportunity to ABOLISH THE FED once and for all!
South Carolina Lawmaker Seeks to Ban Federal Currency
South Carolina Rep. Mike Pitts has introduced legislation that would [...]