THE BUDGET FIGHT OVER INCREASING THE DEBT CEILING, OVER THE SUMMER, AND THE RECENT DOWNGRADING BY STANDARD AND POOR OF THE U.S. TREASURY BONDS - UNTIL NOW CONSIDERED SAFE - HAS LEFT AMERICANS PUZLED AND WITH AN INCREASING SENSE OF VULNERABILITY. THIS PAST TUESDAY, THE BRECHT FORUM IN MANHATTAN HOSTED ECONOMICS PROFESSOR RICK WOLFF TO SPEAK ON THE SUBJECT OF " DEFICITS, DEBTS AND DECEPTIONS". WBAI FRED NGUYEN ATTENDED AND FILES THIS REPORT: