Wednesday, July 25, 2012

Governing Elite Threaten World's Middle Class

Charles Kadlec, Forbes
The crisis of the governing class is intensifying. Last week:-The 100 billion euro bailout of Spanish banks and massive tax increases to narrow the government’s budget deficit are followed by a rise in interest rates on Spanish government bonds to a euro-record high.  -San Bernardino became the third California city in the past month to file for bankruptcy.

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