Let’s be clear – Ireland is suffering because Irish banks owe too much to German banks

What does it cost to make sure Irish banks repay German banks?  NYT:

the Irish Independent, estimated that the cost of the measures for a typical middle-class family earning $67,000 a year would be about $5,800 a year

This is the same line that Alan Simpson & the deficit commission are taking. The middle-class needs to suffer for the economic debacle caused by banks & tax cuts for the rich.

Its gonna be awesome

“We can’t afford it,” a father with a young child said of the spending cuts. “I don’t know how we’re ever going to come out of it.”

Shh, Alan Simpson will call you greedy

Advertisement

Leave a Comment

Filed under Asshat, Bailout Nation, Bankers, Crony capitalism, Crooked bankers, Ireland

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Connecting to %s