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Planet Money has obtained a secret government report outlining what once looked like a potential crisis: The possibility that the U.S. government might pay off its entire debt. It sounds ridiculous today. But not so long ago, the prospect of a debt-free U.S. was seen as a real possibility with the potential to upset the global financial system. We recently obtained the report through a Freedom of Information Act Request. You can read the whole thing here. (It's a PDF.) The report is called "Life After Debt". It was written in the year 2000, when the U.S. was running a budget surplus, taking in more than it was spending every year. Economists were projecting that the entire national debt could be paid off by 2012.

Two weeks after the U.S. killed American citizen Anwar Awlaki with a drone strike in Yemen - far from any battlefield and with no due process - it did the same to his 16-year-old son, Abdulrahman al-Awlaki, ending the teenager's life on Friday along with his 17-year-old cousin and seven other people. News reports, based on government sources, originally claimed that Awlaki's son was 21 years old and an Al Qaeda fighter (needless to say, as Terrorist often means: "anyone killed by the U.S."), but a birth certificate published by The Washington Post proved that he was born only 16 years ago in Denver. As The New Yorker's Amy Davidson wrote: "Looking at his birth certificate, one wonders what those assertions say either about the the quality of the government's evidence - or the honesty of its claims - and about our own capacity for self-deception." The boy's grandfather said that he and his cousin were at a barbecue and preparing to eat when the U.S. attacked them by air and ended their lives. There are two points worth making about this:

GUN OWNERS, SAY GOOD BYE TO YOUR GUNS AND YOUR RIGHTS OBAMA HAS WON

Welcome to the brave new world of post-bailout capitalism. The Commerce Department announced Tuesday that corporate profits are at their highest level in U.S. history, and the Fed released minutes of an early November meeting in which officials predicted a stagnant economy and continued high unemployment.

In one of history's lucky accidents, the juxtaposition of two extraordinary events has stripped the architecture of American global power bare for all to see. Last November, WikiLeaks splashed snippets from U.S. embassy cables, loaded with scurrilous comments about national leaders from Argentina to Zimbabwe, on the front pages of newspapers worldwide. Then just a few weeks later, the Middle East erupted in pro-democracy protests against the region's autocratic leaders, many of whom were close U.S. allies whose foibles had been so conveniently detailed in those same diplomatic cables.

Northern areas of Pakistan For a decade, the northern areas of Pakistan have been under terrorism. The whole area was destroyed by terrorism and then the 2005 disastrous earthquake almost destroyed the northern area of Pakistan. At first, the innocent residents of northern Pakistan were under the terrorism of the Taliban and Al Qaeda; now, they are in the fear of the U.S. drone attacks. After the event of 9/11, the world has been completely changed, the western world, especially the U.S., has been hostile to countries like Pakistan, Afghanistan, Iran and Iraq. Will peace ever be restored in the northern areas of Pakistan? The northern area of Pakistan was under the invasion of the Taliban. The Taliban had taken over the area and enforced many severe laws. Girls were banned from acquiring education, girls' educational institutions were destroyed completely, and women were banned from earning a living. Women were also not allowed to go out of the house unnecessarily, if the situation occurs that they have to, they should be accompanied by male Mahram. If a female was caught alone in the street, then she was severely punished. A couple of years ago, a mobile phone recorded video was released in which the Taliban was spanking a girl with a leather belt in front of everyone. The girl was caught in the street with her father in law. The Pakistani Army conducted various operations in the areas and killed most of the Taliban and brought many areas back to peace.

Since June 16, 2002, the Israeli Government has been constructing a West Bank Barrier in Jerusalem. The concrete wall is 750 kilometers in length and eight meters high. Thick concrete walls are equipped with trenches, barbed wire, electrified wire, watch towers, electronic sensors, video cameras, unmanned aircraft, sniper towers, and roads for patrol vehicles. The point is: there is no possibility to penetrate the wall. The barrier wall was built in a zig zag shape through ten of 11 districts; across all cities in the West Bank. Construction of the first phase started from the west to north of Jerusalem along 145 kilometers and was completed in July, 2003. The second phase is underway, ranging from eastern West Bank to southern Jerusalem. This wall needed a lot of funding, but the total cost of construction was never made public. For the barrier wall maintenance alone, Israel has to spend U.S $4.7 million/mile. So the total funds needed for the maintenance of the West Bank Barrier along the 750 kilometers is U.S. $ 3.4 billion.

The former U.S. president George Bush once said, "Keeping taxes low and restraining spending leads to a vibrant economy; it leads to new jobs; it leads to better opportunities; and it leads to a shrinking deficit."The former U.S. president George Bush once said, "Keeping taxes low and restraining spending leads to a vibrant economy; it leads to new jobs; it leads to better opportunities; and it leads to a shrinking deficit."

Wall Street Isn't Winning - It's Cheating The two-tiered justice system: an illustration 9/10/2001: Rumsfeld says $2.3 TRILLION Missing from Pentagon  The due-process-free assassination of U.S. citizens is now reality The Quiet Coup "the finance industry has effectively captured our government" What OWS is about + data behind the movement Data privacy is now extinct in the U.S. "The problem that confronts us is that every living system in the biosphere is in decline and the rate of decline is accelerating. There isn't one peer-reviewed scientific article that's been published in the last 20 years that contradicts that statement. Living systems are coral reefs. They're our climatic stability, forest cover, the oceans themselves, aquifers, water, the conditions of the soil, biodiversity. They go on and on as they get more specific. But the fact is, there isn't one living system that is stable or is improving. And those living systems provide the basis for all life." The 1% are the very best destroyers of wealth the world has ever seen The prison industry in the United States: big business or a new form of slavery? How the GOP Became the Party of the Rich: The inside story of how the Republicans abandoned the poor and the middle class to pursue their relentless agenda of tax cuts for the wealthiest one percent

"More good news from Afghanistan: the U.S. military has no idea where the billions it's spending on warzone contractors is actually ending up. And nine years into the war, the Pentagon has barely started the long, laborious process of figuring it out."

This video from the American Civil Liberties Union condemns the U.S. government practice of issuing death sentences without due process as part of its targeted killing policy. "Targeted Killing" is being released to coincide with the filing today of an unprecedented lawsuit by the ACLU and the Center for Constitutional Rights (CCR) challenging the government's asserted authority to use lethal force against U.S. citizens located far from any battlefield without judicial process, and without disclosing the standards it uses to target individuals for death.

WikiLeaks report suggests U.S. failed to investigate evidence that Iraqi forces tortured, killed captives

American officials in recent days have warned repeatedly that the release of documents by WikiLeaks could put people's lives in danger. But despite similar warnings before the previous two releases of classified U.S. intelligence reports by the website, U.S. officials concede that they have no evidence to date that the documents led to anyone's death.

Reporting from Washington - With 2 million jobless workers set to lose unemployment benefits this month, the kind of extension that Congress routinely approved in the past has fallen victim to partisan deadlock - and the consequences could be serious for the U.S. economy.

Texas Primary is March 3. See how is up for election. A Texas basic primer on the candidates running for Governor, U.S. Senate and U. S. Congress elections. Who deserves our vote, our confidence, our money...and who does not. You decide. At least be informed.The truth they wish we forget.

One of the most bewildering aspects of the current health care debate is the failure to learn key lessons from health systems abroad. Conservative talk show hosts decry the alleged evils of "socialized medicine" in countries with universal health coverage; they warn grimly of rationed health care. Yet there's nary a peep from Rush Limbaugh or Glenn Beck - let alone Congress - about countries such as Germany, France, Switzerland or Japan, where coverage is universal, affordable, and top quality, and patients see private doctors with little or no waiting. And, oh yes, their health costs are a fraction of our bloated numbers: The French spend 10 percent of GDP on health care, the Germans 11 percent, and they cover every citizen. We spend a whopping 17 percent and leave tens of millions of Americans uninsured. If you want a very readable short course on how European systems really work, take a look at "The Healing of America: A Global Quest for Better, Cheaper, and Fairer Health Care," by T.R. Reid, a former Washington Post foreign correspondent. You might also watch a fascinating 2008 Frontline series, available online, in which Reid was an adviser: "Sick Around the World: Can the U.S. Learn Anything From the Rest of the World About How to Run a Health Care System?"

Article continued (Diigo would not highlight!?) - So far, the answer seems to be "no," not because there aren't valuable lessons, but because politicians won't relinquish their myths about European health Advertisement systems. Reid takes up that task. Myth No. 1, he says, is that foreign systems with universal coverage are all "socialized medicine." In countries such as France, Germany, Switzerland, and Japan, the coverage is universal while doctors and insurers are private. Individuals get their insurance through their workplace, sharing the premium with their employer as we do - and the government picks up the premium if they lose their job. Myth No. 2 - long waits and rationed care - is another whopper. "In many developed countries," Reid writes, "people have quicker access to care and more choice than Americans do." In France, Germany, and Japan, you can pick any provider or hospital in the country. Care is speedy and high quality, and no one is turned down. Myth No. 3 really grabs my attention: the delusion that countries with universal care "are wasteful systems run by bloated bureaucracies." In fact, the opposite is true. America's for-profit health insurance companies have the highest administrative costs of any developed country. Twenty percent or more of every premium dollar goes to nonmedical costs: paperwork, marketing, profits, etc. In developed countries with universal coverage, such as France and Germany, the administrative costs average about 5 percent. That's because every developed country but ours has decided health insurance should be a nonprofit operation. These countries also hold down costs by making coverage mandatory and by using a unified set of rules and payment schedules for all hospitals and doctors. This does not mean a single-payer system or a government-run health system. But it does sharply cut health costs by eliminating the mishmash of records and charges used by our myriad insurance firms, who use all kinds of gimmi

It could be argued that the costs to the United States of providing such services for the rest of the world are modest, but that is ultimately a judgment call. To be sure, the dollar costs will not bankrupt us as a nation, but Americans spend $2,700 per person on our military, while the average European spends less than $700. The bottom line is that Europeans have little incentive to spend more because they don't feel particularly threatened, and they aren't anxious to take on responsibilities that are ably handled by the United States. The advocates of hegemonic stability theory would declare that a feature, not a bug. Mission accomplished. And that might be true, if the greatest threat to global security were a resurgence of conflict in Europe, and if it is truly in the U.S. interest to forever have allies with few capabilities and many liabilities. But that seems extremely shortsighted. The sweeping political and economic integration in Europe has dramatically reduced the likelihood of another European war. In the meantime, the fact that we have many allies with little to offer by way of military assets, and even less political will to actually use them, is forcing the U.S. military to bear the disproportionate share of the burdens of policing the planet. And in the medium- to long-term, while I doubt that we will be facing "a militarily superior, post-Soviet Russia," allies with usable military power might ultimately serve a purpose if Moscow proves as aggressive (and capable) as the hawks claim.

Having railed against the Democratic minorities' use of ANY filibuster in the last several Congressional sessions when Republicans were in the majority, the Republicans now hypocritically are taking the use of the filibuster to new heights. Forgotten are their own strident and indignant demands that the "people" deserved the Senate allowing an "up or down vote". And that they would (and did) use a "nuclear option" or reconciliation if necessary to make that happen. The filibuster - tool of obstruction in the U.S. Senate - is alternately blamed and praised for wilting President Barack Obama's ambitious agenda. Some even say it's made the nation ungovernable.

An overwhelming majority of Americans wants Wall Street subjected to tougher regulation in the aftermath of the bank bailout and the bonus scandals that have rocked the U.S. financial sector, according to a Harris poll released on Thursday. The findings suggest that 82 percent of Americans want the government to clamp down more strongly on Wall Street excesses, with a particular emphasis on bonus schemes that have rewarded employees at loss-making companies such as American International Group.