SHOCKING INDEED: Shocking Video: 60 Minutes Admits Unemployment is Actually 17%, 22% in California.

UPDATE: Tom Blumer: Accelerating Toward The Abyss: The Real Story of Fiscal Year 2010. “After cutting through the ‘clever’ misdirections contained in the final Monthly Treasury Statement of the federal government’s fiscal year just ended on September 30, it’s clear that that Uncle Sam’s true financial situation deteriorated at an even faster rate in fiscal 2010 than it did during fiscal 2009.”