If Only Caning Was An Available Remedy

Cane all bankers. Cane them, I say:

Before the bank bust, Ireland had little public debt. But with taxpayers suddenly on the hook for gigantic bank losses, even as revenues plunged, the nation’s creditworthiness was put in doubt. So Ireland tried to reassure the markets with a harsh program of spending cuts.

Step back for a minute and think about that. These debts were incurred, not to pay for public programs, but by private wheeler-dealers seeking nothing but their own profit. Yet ordinary Irish citizens are now bearing the burden of those debts.

Or to be more accurate, they’re bearing a burden much larger than the debt — because those spending cuts have caused a severe recession so that in addition to taking on the banks’ debts, the Irish are suffering from plunging incomes and high unemployment.

Then castrate them and send them to prison. They are a plague upon the nations.

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Great Ideas Watch

Irish edition. What is the solution to the problem of an economy gang-raped by the world's banking community? According to the Irish government, cutting the minimum wage is the way to go. Fucking genius.

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