Free Republic

BREAKING - Top US Source says "deal is done" re #NAFTA. Joint statement from @USTradeRep & Canada's Freeland expected soon. I'm told #NAFTA deal was reached around 9:30pm tonight. Canada giving a larger % of its dairy market to US products in exchange for cultural protection & some form of dispute resolution process (formerly Ch 19).

Bankruptcy Talk Spreads Among Calif. Muni Officials Friday, 28 May 2010 10:44 AM Two years after Vallejo, Calif., filed for bankruptcy protection, officials in nearby Antioch are also tossing around the 'B' word. Antioch's leaders earlier this month said bankruptcy could be an option for the cash-strapped city of roughly 100,000 on the eastern fringe of the San Francisco Bay area. Antioch's fiscal woes are standard issue for local governments in California: weak revenue from retail sales and property taxes is forcing spending cuts, layoffs and furloughs. But cost-cutting measures may not be enough to keep Antioch's books balanced, so...

Remember the shock generated when the Obama Office of Management and Budget recently announced that the projected 10 year deficit was increased from $7 trillion to $9 trillion? Guess what? That lastest projection is based on "make believe" economics. Although most media outlets have failed to report on it, stories from both Reuters and Forbes reveal that the true 10 year budget deficit will probably be...fasten your seatbelts...well over $11 trillion.To put yourself into the proper mood for their analysis of the OMB "make believe" deficit projection, it is best to listen to the "Make Believe" tune from Showboat (sorry,...