Why Obama's Favorite Student Debt "Relief" Program Will Cost Taxpayers $100 Billion
• Zero HedgeA few months back, we called the government's Income Based Repayment plans, or IBR, "the student loan bubble's dirty little secret."
Contents Pages by Subject
Government Debt & Financing
NY borrowing $5M for 'Late Show with Stephen Colbert' studio renovations
• syracuse.comState leaders are planning to borrow $5 million to help CBS pay for renovations at the Ed Sullivan Theatre, the home for the "Late Show with Stephen Colbert," according to state records.
Varoufakis: Spain Could Become Greece if Austerity Persists
• http://www.telesurtv.netPoliticians are using Greece's economic crisis to delegitimize anti-austerity policies, but Varoufakis says the opposite it true.
Ron Paul's Texas Straight Talk 8/3/15: Politics Is Not the Path to Pro-Life Victory
• popularliberty.comDuring my time in Congress, I regularly introduced legislation forbidding organizations that perform abortions from receiving federal funding.
Puerto Rico will default
• Megan Davies and Jessica DiNapoliPuerto Rico will miss a payment on debt due August 1, the governor's chief of staff said on Friday, an event that will be considered a default by investors as the commonwealth lurches towards what could be one of the largest US municipal debt restruc
Portugal's Debts Are (Also) Unsustainable
• http://www.zerohedge.com, Tyler DurdenEveryone seems to be focusing on Greece these days – a country so indebted that it needs even more loans to repay just a fraction of its gigantic credits.
"The Streets Of Athens Will Fill With Tanks":...
• http://www.zerohedge.com, Tyler DurdenOver the course of six painful months, round after round of fraught negotiations between Greece and its creditors produced all manner of speculation about what a "Grexit" would actually entail.
Stone Cold Proof That America Deserves Judgment
• endoftheamericandream.comWhat should be done to a nation that has killed more than 56 million babies and doesn't even feel bad about it?
Greece Just Gave Everyone The Best Trade Opportunity Of The Year
• http://www.zerohedge.com, Tyler DurdenAt an annualized return of approximately 20,622,184,553,370,800,000,000,000,000,000,000,000,000,000%, Greece just gave everyone the best trade opportunity of the year...
Breathtaking Political Capitulation; Tsipras Should Resign;...
• http://globaleconomicanalysis.blogspot.com,I am seldom stunned by political stupidity. In fact, I am surprised when I don't see it.
Greeks see 'humiliation' in harsh terms of eurozone bailout
• By Ella Ide and Joe SinclairGreeks were bracing Monday for the effects of the tough terms of an agreement that secured the country's third bailout in five years, with many rejecting them while others said they were necessary to stay in the euro.
Greece reaches deal with creditors, avoids euro exit
• By PAN PYLAS and RAF CASERTGreece reached a deal with its European creditors Monday, pledging stringent austerity to avoid an exit from the euro and the global financial chaos that could have followed.
Latest Proposal "May Provide" Negotiation Basis; Greece Needs €80+ Billion...
• http://globaleconomicanalysis.blogspot.com
The Latest Grexit Drama, Noting A Default Is Imminent...
• by Harry S. Dent Jr. & Chris WaltzekAll market bubbles must return to their inception point
It's Not Just The Troika: 79% Of Greeks Oppose Syriza's Third Bailout Proposal
• http://www.zerohedge.com, Tyler DurdenWhile we, and Syriza, await to see just how violently the Troika will throw up all over the Greek proposal (which may have been valid on June 26 but no longer is now that the Greek economy has ground to a halt and virtually all supply-chain linkages
The decline of US power?
• http://www.bbc.com, Nick BryantStanding on the Washington Mall at the turn of the new millennium, it was impossible not to be struck by America's power and global pre-eminence.
Greek deal in sight as Germany bows to huge global pressure for debt relief
• By Ambrose Evans-Pritchard, Mehreen KhanAngela Merkel faces a defining moment in her political career as chorus of voices push for Greek debt relief
Parsing Blame
• https://www.lewrockwell.com, By Bionic MosquitoWhatever opinion one has of the Greek people, the truth is that this entire mess was caused by their politicians and by the bailing-out of European banks.
Throughout history, debt and war have been constant partners
• theguardian.comAs Greece's spending on weapons shows, it's not pensions or benefits that cripple economies, it's the military-industrial complex
The Troika Swindle: Greeks Owe Nothing to the Banks
• http://www.prisonplanet.com, Kurt Nimmo€245 billion debt was fraudulently dumped on the country
Greece votes No: The European Union is dying before our eyes
• http://www.telegraph.co.uk, By Nigel FarageIt's not just disaffected pensioners: young Greeks have worked out that they don't need the bloated EU
Damned…
• https://www.lewrockwell.com, By Bionic Mosquito…if they do, and damned if they don't.
Greek Bailouts for Creditors, not Economic Growth
Stephen LendmanGreece
More than 61% of Greeks say 'No' in crucial bailout referendum – early results
• http://rt.comMore than 61 percent of Greeks have voted "No" in Sunday's referendum on the bailout deal and austerity measures, reported the Interior Ministry after almost 90 percent of the vote had been counted.
Oregon launches program to tax drivers by the mile
• foxnews.comDavid Hastings is a rare American. This long-time hybrid car owner from Oregon wants to pay higher taxes for roads and bridges and says the current 30 cents per gallon state gas tax barely affects him.
U.S. debt headed toward Greek levels
• washingtonexaminer.com, By Jason RussellUnited States' projected debt over the next 25 years looks a lot like Greece's over the past 25.
Greece Rejects 25th Hour Request to Change Course
• http://globaleconomicanalysis.blogspot.comEurozone leaders are pouring it on thick again today with warning after warning.
'Hi, I'm Uncle Sam and I'm a War-oholic'
• antiwar.comIt was the summer of 2002. The Bush administration's top officials knew that they were going into Iraq in a big way.
Puerto Rico's Governor Speaks Math: Debts Are 'Not Payable'
• popularliberty.comPuerto Rico's governor, saying he needs to pull the island out of a "death spiral," has concluded that the commonwealth cannot pay its roughly $72 billion in debts, an admission that will probably have wide-reaching financial repercussions.
Greece closes banks, imposes capital controls
• http://rt.comThe Greek government has announced that banks will remain closed on Monday and restrictions on withdrawals will be introduced following the ECB refusal to provide additional Emergency Liquidity Assistance to Greece's banking system.
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