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Senator John McCain warned his Senate colleagues on Wednesday, "To hold out and say we won't agree to raising the debt limit to pass a Balanced Budget Amendment to the Constitution, it's unfair, it's bizarro."

A Peek at the Military's Budget for Eternal Salvation ~ @Truthdig http://t.co/8dDs1Gm

"In his 2010 State of the Union address, President Obama called for a "non-security" discretionary spending freeze to help bring down the deficit. "

RT @Emperor_Bob: Austeridiocy: Budget Cuts Take Money Out Of The Economy http://t.co/2MSPmKU

Can Greece pay its debts? What about Portugal or Spain? Can a new prime minister reduce Britain's gaping budget deficit? Will the crisis rocking Europe spread? And what about the American economy?

consumer protection regulation reform monopolies anti-trust health public media broadband internet tax budget policy education transportation infrastructure megacorp megabank megagov megawealth megapower consumer protection reform oversight watchdog cartel cartels monopoly corporatism corporatist feudal neofeudalism finance banks financial economy economic

The U.S. spends 50% of total of all global military spending. War oligarchs are in control of the nation.

"A theory of change is the opposite of a theory of action - it works backwards from the goal, in concrete steps, to figure out what you can do to achieve it. To develop a theory of change, you need to start at the end and repeatedly ask yourself, "Concretely, how does one achieve that?" A decrease in the defense budget: how does one achieve that? Yes, you."

Debt deal: Obama White House details By Lynn Sweet on July 31, 2011 10:58 PM | No Comments THE WHITE HOUSE Office of the Press Secretary FOR IMMEDIATE RELEASE July 31, 2011 BIPARTISAN DEBT DEAL: A WIN FOR THE ECONOMY AND BUDGET DISCIPLINE

White House Spin on Cave-In: In Securing this Bipartisan Deal, the President Rejected Proposals that Would Have Placed the Sole Burden of Deficit Reduction on Low-Income or Middle-Class Families: The President stood firmly against proposals that would have placed the sole burden of deficit reduction on lower-income and middle-class families. This includes not only proposals in the House Republican Budget that would have undermined the core commitments of Medicare to our seniors and forced tens of millions of low-income Americans to go without health insurance, but also enforcement mechanisms that would have forced automatic cuts to low-income programs. The enforcement mechanism in the deal exempts Social Security, Medicaid, Medicare benefits, unemployment insurance, programs for low-income families, and civilian and military retirement.

Glenn Greenwald, Salon.com

Glenn Greenwald - Salon.com

If the banks can create trillions of dollars in credit out of thin air for lending, why can't the government create it for the people? Read about introducing $2.5 trillion of debt-free money into the economy (via the Cook Plan). Pretty radical suggestions here. But they make sense to me.