
Humans... or something else? World leaders gather in France to chart our course towards collective destruction
President Obama will join other G8 leaders today at the posh, French seaside resort of Deauville. On the agenda: proposed global regulations for the Internet, post-tsunami Japan, and military escapades in North Africa. Bizarrely absent from the top priorities listed by hosting head of state Nicolas Sarkozy is the most urgent issue of all: the need to rein in massive government over-spending and debt.
One needn't travel to France to get a clear view of this problem. Here in the US, for example, federal revenues will top $2 trillion this year, but federal spending will approach double that amount. Such reckless spending has set the stage for a battle royal between Democrats and Republicans over raising the national-debt ceiling.
House Speaker John Boehner (R) of Ohio has correctly warned that increasing the debt ceiling without a firm commitment to slash spending would signal to investors that America still is not serious about kicking its spending addiction.













Comment: No, it's real simple actually. BP bought up many scientists in the Gulf region and their job is now to clean up after the paymaster to smooth its return to drilling in the Gulf of Mexico and elsewhere.