The New York Times visualizes the proposed $3.83 trillion budget for 2011.
In testimony before the Senate Banking Committee... where he’s seeking re-appointment as the Fed’s chairman, Bernanke called for cutbacks in Medicare and Social Security... “Willie Sutton robbed banks because that’s where the money is, as he put it,” Bernanke said. “The money in this case is in entitlements.” [more inside]
It sounds like a George Lopez joke. “Times are so bad that I saw an Anglo day laborer standing outside Home Depot the other day.” Except it’s true.
"Civilization is Just a Thin Veneer. In the absence of law and order, men quickly revert to savagery. As was illustrated by the rioting and looting that accompanied disasters in the past three decades, the transition from tranquility to absolute barbarism can occur overnight. People expect tomorrow to be just like today, and they act accordingly. But then comes a unpredictable disaster that catches the vast majority unprepared. The average American family has four days worth of food on hand. When that food is gone, we'll soon see the thin veneer stripped away." [more inside]