U.S. Government Tax Revenues Experience Biggest Decline Since The Great Depression

Tax RevenuesThe most important news for Monday, August 3rd, 2009…..

U.S. government tax revenues are on pace to drop 18 percent this year, the biggest single year drop since the Great Depression.

High ranking members of the Obama administration are saying that middle-class taxes may have to go up in order to reduce federal budget deficits or to pay for the proposed overhaul of the health care system.

Senior U.S. officials say that the Obama administration is considering using a maximum security prison in Michigan and the military penitentiary at Fort Leavenworth, Kansas to hold current Guantanamo Bay detainees.

Is Iran now ready to start building a nuclear weapon?

China has sealed off a remote farming town after two people died and 10 more people were confirmed to have contracted pneumonic plague, a lung infection that can kill a human in just 24 hours if left untreated.

An African woman has contracted a brand new strain of HIV.

The swine flu pandemic is fueling a huge boom in body bag sales.

The Truth has posted an article that discusses why some are calling H.R. 2749 (The Food Safety Enhancement Act of 2009) “fascism on the farm”.

Emergency Food Supply has a new article out that examines all the signs that are pointing towards a massive worldwide food crisis in 2010.

Beginning on Monday, some Christian schools in Pakistan will be shut down for three days as a peaceful protest to the recent violent attacks by Muslims in which eight Christians were burned alive, including two children.

There is some incredibly disturbing language on the Obama administration’s “Cash for Clunker” website, Cars.gov.

Are the police out of control?  Recently a pregnant mother was tasered by police during a backyard baptism party.

The U.K. government plans to spend millions to put 20,000 “problem families” under 24-hour CCTV supervision in their own homes.

Lastly, according to reports, the National Endowment for the Arts is rumored to be spending “stimulus money” to fund nude simulated-sex dances and the airing of pornographic horror films at art houses in San Francisco.

The Most Important News