for lefties too stubborn to quit
Shane Ross: Taoiseach, do you regard Ireland’s debt as now unsustainable?
To which came a remarkably waffling response about a ‘re-engineering of the debt’ and ‘opening spaces’ and ‘we’re in a different situation to Greece’, but tellingly no direct response.
How interesting.
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The Cedar Lounge Revolution
. The annual amount of debt interest exceeds the annual growth rate in GNP. The primary function of the govt. is to act as a collection agency for international capital. The debt is sustainable so long as people continue to acquiesce in the progressively reduced living standard entailed by this extractive process.
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+1.
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Kenny is insufferable this week. Here’s a nice graph
https://pbs.twimg.com/media/A8qSXR3CYAA7_uS.png:large
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