US Action News

The Us is on the same path to economic chaos as Greece and Portugal with out of control spending and bloated public unions.

Socialism: The left has falsely demonized Tea Party protests in the U.S. as violent. But it ignores real violence in Greece, where leftists and anarchists have rioted and even murdered to fight cuts in their welfare state.

Buildings burning, people being killed over debt crisis in Greece

ATHENS—Greece’s fiscal crisis took a new turn to violence Wednesday when three people died in a firebomb attack amid a paralyzing national strike, while governments from Spain to the U.S. took steps to prevent the widening financial damage from hitting their own economies.

by Sen. Jim DeMint
G-20 Finance Ministers and Central Bank Governors asked the United States, the IMF’s largest contributor, for a whopping $108 billion to rescue bankers around the world and the Obama Administration quickly obliged. The Democrat Congress, aided by a few Republicans, used a war spending bill to send bailout money to an international fund that’s partially-controlled by our enemies.

Greece is braced for mass protests as angry workers stage a general strike over planned austerity measures.

Police fired tear gas to disperse the crowd as the unrest flared over austerity measures that may be taken in return for a massive bailout deal.

Spain added to downgrades after Greece as the European financial crisis widens

Greece was pushed to the brink of a financial abyss and started dragging another eurozone country – Portugal – down with it Tuesday, fueling fears of a continent-wide debt meltdown.

Moody’s downgrades credit rating – Portugal looking to be the next major economy to fall into the debt abyss, and then?