David MacLeod's Blog – August 2011 Archive (2)

As we watch the stock market gyrate up and down (mostly down) over the past several weeks, its easy to understand why more and more people are becoming anxious about the economy.  In fact, the last 4 years have been difficult for many.  At a recent meeting discussing Resilience Circles, we discussed how we've all either personally experienced an economic downturn, or have close friends and relatives who are struggling.

Transition co-founder Naresh Giangrande…

Debt Tantrum On A Sinking Ship - by Richard Heinberg

Republicans say that more government debt is unsustainable. If we keep piling it on, we’ll eventually get to a point where all government revenues are eaten up by interest payments. We have to get off the deficit treadmill now; if we do—if we downsize government by shrinking the federal budget—we can…