The Financial Times is reporting that leading nations are still piling up debt even though there's technically been an economic recovery. In particular, the IMF is looking at US debt over the next decade and predicting that it'll be unsustainable if we don't do something quick. Of course, what conservatives want to do is slash social security and medicare while letting the government keep all those funds we've paid into the system. The IMF,

The Financial Times is reporting that European lawmakers are working hard to push through legislation for more regulatory oversight of the hedge fund industry, despite Britain’s new government begging to hold off.

On the Senate floor, Sen. Byron Dorgan (D-ND) lashed out at his own party for its financial reform bill, saying that if they don't fix the "too big to fail" provisions and better regulate credit default swaps, "then shame on us. We have a responsibility here. We cannot claim ever that we have done something about this system." Sen.

• Guests:
  • Bay Buchanan of The American Cause.
  • Dan Gainor of the Business and Media Institute.
  • Economist/journalist Eamonn Fingleton.
• Topics:
  • Has the President "dummied down" the Supreme Court?
  • While the fat bastards fiddle, America is burning...