Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
the way to socialize the losses is to raid pension funds or gut social programmes.

After capturing the wages, they are now also trying to capture the deferred wages and/or the non-monetary income of people.

Wind power

by Jerome a Paris (etg@eurotrib.com) on Sun Jun 6th, 2010 at 12:27:25 PM EST
[ Parent ]
That is a point that even a Tea Bagger could understand. The financial elite want our retirement money to pay off their gambling debts. Were the average Texas libertarian to grasp that they would likely respond with something like:

"Impale the bastards on sharpened poles around the White House! And put their banks out of business. We are better off without them."

"It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sun Jun 6th, 2010 at 01:21:33 PM EST
[ Parent ]
The intellectual and political architecture of this kind of attack has already been laid, and is well advanced, here in California. Hardly a day goes by without a newspaper article, op-ed, or letter to the editor in a local paper complaining about "unfair" public pensions that bleed everyone else dry.

And of course, the federal "cat food commission" that is determined to destroy Social Security and Medicare is due to deliver its recommendations in December.

And the world will live as one

by Montereyan (robert at calitics dot com) on Sun Jun 6th, 2010 at 02:02:43 PM EST
[ Parent ]
Blueprint for America's Working Women and Families

Diversity is the key to economic and political evolution.
by Cat on Sun Jun 6th, 2010 at 03:34:57 PM EST
[ Parent ]


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