Free Republic

The map of the collapse of the United States in 2010, made by Russian scientist of politics Igor Panarin, has received millions of views in the United States over one day only. The Wall Street Journal published the map on its front page at the end of 2008. Alaska is pictured on the map as a part of Russia. Hawaii were shown as a territory of Japan, whereas four new states were pictured on the territory of the USA: the Californian Republic, the Central North American Republic, the Texas Republic and the Atlantic America, which included the traditional states. BREAKING...

With all this blather about “green shoots” and economic “recovery” and new “bull market,” I thought I’d inject a little reality into the collective financial dialogue. The following are ALL true, all valid, and all horrifying… Enjoy.

WASHINGTON, Feb 26 (Reuters) - President Barack Obama will forecast the biggest U.S. deficit since World War Two in a budget on Thursday that urges a costly overhaul of the healthcare system and would spend billions to arrest the economy's freefall. An eye-popping $1.75 trillion deficit for the 2009 fiscal year is projected in Obama's first budget, according to U.S. officials who briefed reporters on the numbers. That is equal to 12.3 percent of U.S. gross domestic product -- the largest share since 1945 when the country ran a shortfall of 21.5 percent of GDP.