WHEERE THE DEFICIT COMES FROM
UNDERNEWS
Undernews is the online report of the Progressive Review, edited by Sam Smith, who covered Washington during all or part of ten of America's presidencies and who has edited alternative journals since 1964. The Review, which has been on the web since 1995, is now published from Freeport, Maine. We get over 5 million article visits a year. See prorev.com for full contents of our site
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Your editor has been a musician for many decades. He started the first band his Quaker school ever had and played drums with bands up until 1980 when he switched to stride piano. He had his own band until the mid-1990s and has played with the New Sunshine Jazz Band, Hill City Jazz Band, Not So Modern Jazz Band and the Phoenix Jazz Band.
Here are a few tracks:
SAM SMITH'S DECOLAND BAND
PHOENIX JAZZ BAND
APEX BLUES 
Sam
playing with the Phoenix Jazz Band at the Central Ohio Jazz festival
in 1990. Joining the band is George James on sax. James, then
84, had been a member of the Louis Armstrong and Fats Waller
orchestras and hadappeared on some 60 records. More
notes on James
WISER MAN Sam
piano & vocal
OH MAMA Sam piano & vocal
3 Comments:
Here's the LINK:
http://www.cbpp.org/cms/index.cfm?fa=view&id=3036
During the Bush years, I was surprised when some people told me how well the economy was doing, mainly because the Annual Budgetary Deficit was being quickly paid off.
This, as the Long Term National Debt was raising from 5.8 Trillion to 11.4Trillion. And it is this 5.6T that has me worried.
Using conventional Republican thinking, and possibly current popular belief, am I to believe that if we just took this Annual Deficit and moved (hid) it to the National Debt, there would be no problem?
The total exposure of the bankster bailouts far exceeds the TARP and Fannie/Freddie tally. Congressional representatives in open session have referred to the figure of $23.7 trillion in total liabilities, while Bloomberg and others have stated that it's above $28 trillion now.
Bush and Obama both support the bailout, in case anyone who reads prorev.com is still fooled by the two-party scam.
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