Hamilton 350 http://hamilton350.com Official Website of the 350 Committee for Hamilton, Ontario, Canada Mon, 11 Jul 2011 03:43:26 +0000 en hourly 1 http://wordpress.org/?v=3.0.4 U.S. Debt Crisis http://hamilton350.com/page/84 http://hamilton350.com/page/84#comments Mon, 11 Jul 2011 03:43:26 +0000 kenrick_chin http://hamilton350.com/?p=84 The world is finally waking up to the fact that the U.S. is in debt to the tune of $14 trillion, that’s $14,000,000,000,000 meanwhile the U.S. government spends $10 billion a month on its “war” in Afghanistan. The White House must come up with a deal by the August 2nd deadline. Never mind Greece, Spain, Portugal, Ireland, Iceland and the U.K.  Is the U.S. too big to fail?

Read the CBC news posted on Sunday July 10:
Crucial U.S. debt talks to resume Monday

Corporate leaders, bankers and politicians would like us all to think it is business as usual and to have faith in the globalized free-market economy. Yet we know that the house of cards is about to collapse. Time will tell.

]]> http://hamilton350.com/page/84/feed 0