Friday, October 1, 2010
Protests Over European Debt Crisis
The Associated Press reports there are protests by workers in European countries bucking against austerity measures dealing with the debt crisis. Protesters feel that bankers and their reckless spending cause the dilemma which undermines many social benefits. Good for them. I wish American workers would get a little of this motivation. Banks and other large financial institutions exacerbate problems here and threaten the lame benefits that Americans enjoy. I suspect that this is one of the reasons behind the global financial melt down. The wealthy one percent want to take every last cent that anyone else posses. They do this by higher taxes, lack of health care and unemployment benefits and increasing public debt. Of course, the governments borrow from these one per centers and the working public then transfers its net worth to the wealthy by means of taxes to pay interest on the debt. It is a real racket and I am happy someone is standing up to it.
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