Tuesday, April 27, 2010
News Links, April 28, 2010
Norway agrees Barents Sea Arctic border with Russia
"Estimates are that the U.S. will have to invest $23 billion annually for the next 20 years to maintain water infrastructure at its current level."
"The economy is in worse shape than in 2008."
"We have a $14 trillion economy that has accumulated a fifty-eight percent net deficit, or more than double the distortions that had to be absorbed in the 1930s. It is obvious that sudden withdrawal of that support would lead to an instantaneous and catastrophic economic collapse."
"We could have double-digit growth for 30 years and never grow our way out of this."
"This debt is like a cancer; it's a cancer that's going to destroy our country from within."