[lbo-talk] Trifecta of Post-imperial Doom

[dredmond at efn.org]

Forget retooling for the 21st century, California desperately needs $24
billion to prevent total social collapse:

"California faces its day of fiscal reckoning"
http://news.yahoo.com/s/ap/20090523/ap_on_re_us/us_california_day_of_reckoning

But the party of Drone-bombing We Can Believe In is too busy pissing away
another hundred billion on Lost War Number 2:

"Senate Approves $93.1 billion funding for Afghanistan War"
http://www.jpost.com/servlet/Satellite?cid=1242212440947&pagename=JPost%2FJPArticle%2FShowFull

...while borrowing costs for T-bills just skyrocketed, a sign that foreign
creditors are running out of patience with Geithner's "Zombie banks? What
zombie banks?" act:

"US 10-year note falls most since June"
http://www.bloomberg.com/apps/news?pid=20601087&sid=a6vR4nWTQHBk&refer=home

-- DRR