The Good News - We are winning the war on terrorism

Hidden away (page 131)of the Administrations' Budget proposals for FY'07 is OMB's projection that Federal debt will soar from $7.9 trillion at the end of FY'05 to $8.6 trillion by end FY'06.

US Current Accounts deficits now soar by over -$2.1 billion per day -- -$1.5 million each MINUTE.

US Household debt has now spiked to 123.6% of annual disposable income.

US Domestic savings rates became negative in June, fell to -1.1% dissaving in July and to -1.8% in August -- even with the sharp fall-off in sales -- and remained -0.4% in Sept.

US Federal government spending grew 7.5% in 2002 and 6.6% in 2003, it slowed to 4.7% in 2004 and soared again by 7.7% in '05-Q3 on the back of a further 10% surge in Defense spending.

US Consumer Price Index (CPI): Energy prices fell -2.2% in Dec. driving down overall consumer prices -0.1%. Still, consumer prices rose 3.4% in 2005 led by a 17.1% rise for Energy, 4.8% for Transportation, 4.3% for Health care and 4.0% for Housing. Apparel prices fell -1.1%, the 8th yearly drop in a row bringing relative Apparel prices down - 61% since 1989.

If you want to see how what's happened to jobs read Paul Craig Roberts at Dare

" ...over the last 5 years the US economy experienced a net job loss in goods producing activities. The entire job growth was in service-providing activities—primarily credit intermediation, health care and social assistance, waiters, waitresses and bartenders, and state and local government.

US manufacturing lost 2.9 million jobs, almost 17% of the manufacturing work force. The wipeout is across the board. Not a single manufacturing payroll classification created a single new job. "

Hands up those who want to bomb the shit out of Iran , Syria .....