| Re: I borrow therefore I am. |
Nov. 20th, 2010|09:36 pm |
It's a hobby.
I am interested just how false the information we are receiving is. I have a suspicion that previous borrowing was going to private financial institutions with the state acting as a guarantee.
The EC and IMF loan seems to be a means of guaranteeing these debt payments are repaid, despite the State not having the means to do this - especially with the Parex bailout.
The aim is to load the state with debt and thereby obtain tax revenue.
It is also interesting how relatively little has gone to cover the budget deficit, yet how much is being asked of the state (us) with regard to cuts and tax increases.
Something stinks, but it is important to get to the details. |
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