The National Debt Clock

[FreeWorlder]

We don't need money any more.

We can have a technically advanced sustainable society without money, if we just choose it.

The Free World Charter: Home

[Aurora Borealis]

Hi,

I am writing from one of the Nordic countries of EU. If it would have been the peoples choice about giving Ireland, Greece, and Portugal the loan, I believe we would have not given a cent to these countries. It is your mess and we all in the other EU countries hope you can deal with it.

What will happen to us now is, that the money that was needed to our country to improve various things in our sociesty goes to countries like Ireland, Greece and Portugal. Think about that. Cheers

[Cabbage/Turnip]

Hi,

I am writing from one of the Nordic countries of EU. If it would have been the peoples choice about giving Ireland, Greece, and Portugal the loan, I believe we would have not given a cent to these countries. It is your mess and we all in the other EU countries hope you can deal with it.

What will happen to us now is, that the money that was needed to our country to improve various things in our sociesty goes to countries like Ireland, Greece and Portugal. Think about that. Cheers

where did ireland get the money?

[valamhic]

Our debt crisis has its roots in the fact that we are a disfunctional country that wants to continue to live a gentleman's lifestyle. There is some functional people and companies, but not enough. Its like if you drive a 12 years old car and never service it. You say the starter is gone, the brakes are gone and the wiper dont work. But the real reason is that you either give it an expensive overhaul or buy a replacement. Changing the car equates to emigrating and that is happening. Overhaul is more difficult and we are not up to that. In fact we are very lucky we are in a hole. If not we and our government would go on a binge of spending on goodies like green initiatives that deliver nothing and salaries for the big shots.

It is my hope that the crises in Ireland and the rest of Europe gets worst. USA too. In a year of so, we won't get a red cent from the markets and Ecb/IMF will run out of steam. Then our government will have no option but to introduce a cut c 35% on everything is spends. They won't overhaul the public service or themselves because they do not know what is wrong with it.

I cannot wait to fiddle while rome burns. It will hit the poor for a while, but we will survive and out of the ashes will come a better wiser and leaner society.

[libertarian-right]

These charts won't look too good by 2013.

15th January 2014. There will be alot of rolling over. About 6 billion in short term bonds and 11 billion in long term bonds.

[Plebian]

Hi,

I am writing from one of the Nordic countries of EU. If it would have been the peoples choice about giving Ireland, Greece, and Portugal the loan, I believe we would have not given a cent to these countries. It is your mess and we all in the other EU countries hope you can deal with it.

What will happen to us now is, that the money that was needed to our country to improve various things in our sociesty goes to countries like Ireland, Greece and Portugal. Think about that. Cheers

You didn't want to give it and we didn't want to recieve it . Yet the ECB foisted it on to us , so they could keep the show on the road . Welcome to the Dictatorship by unelected officials that is the real power in the EU . You are not giving us anything except a loan , that you will make a profit on ( unless we are allowed to default ) .

[Doodah]

Hi,

I am writing from one of the Nordic countries of EU. If it would have been the peoples choice about giving Ireland, Greece, and Portugal the loan, I believe we would have not given a cent to these countries. It is your mess and we all in the other EU countries hope you can deal with it.

What will happen to us now is, that the money that was needed to our country to improve various things in our sociesty goes to countries like Ireland, Greece and Portugal. Think about that. Cheers

On behalf of the 0.5million unemployed and 1000/week emigrating and for those who are struggling to pay their bills, massive mortgages and international & national private banking debts, thank you for your support and the 6% interest rate (including your profit) on the loans.
Does your contempt extend to your Icelandic cousins, by the way?

[andriu purfield]

Hi,

I am writing from one of the Nordic countries of EU. If it would have been the peoples choice about giving Ireland, Greece, and Portugal the loan, I believe we would have not given a cent to these countries. It is your mess and we all in the other EU countries hope you can deal with it.

What will happen to us now is, that the money that was needed to our country to improve various things in our sociesty goes to countries like Ireland, Greece and Portugal. Think about that. Cheers

I dont think you understand. None of this money is a bailout. You see the european and american banks are bondholders of irish banks. ireland's sovereign debt would have been ok on its own. but we had traitors who made us pay 250 bn euro guaranteed bank debt and 35 bn euro unguaranteed banking debt, the latter of which is more than last years Irish tax take. It's a loan from your banks(our banks bondholders) to our banks and back out again to repay your bank's debts. In effect, as RE Ireland, europe is bailing out its own banks by making Irish people pay banking debts we dont owe and cant afford. greece has a public spending and private sector debt problem. Portugal has a budget crisis. Either way, any bull************************ you are being fed about bailing out the paddies is nonsense. We are bailing europe out without wanting to, and the result will inevitably be mass social unrest. The sooner the better in my view so that we can put to bed this myth that the creditor countries are saints. Who do you think loaned the cheap money to our own greedy banks?

[collina]

Hi,

I am writing from one of the Nordic countries of EU. If it would have been the peoples choice about giving Ireland, Greece, and Portugal the loan, I believe we would have not given a cent to these countries. It is your mess and we all in the other EU countries hope you can deal with it.

What will happen to us now is, that the money that was needed to our country to improve various things in our sociesty goes to countries like Ireland, Greece and Portugal. Think about that. Cheers

You'll be sending on the proceeds of the punitive interest rate to some charity so? W***-stain.

[andriu purfield]

Our debt crisis has its roots in the fact that we are a disfunctional country that wants to continue to live a gentleman's lifestyle. There is some functional people and companies, but not enough. Its like if you drive a 12 years old car and never service it. You say the starter is gone, the brakes are gone and the wiper dont work. But the real reason is that you either give it an expensive overhaul or buy a replacement. Changing the car equates to emigrating and that is happening. Overhaul is more difficult and we are not up to that. In fact we are very lucky we are in a hole. If not we and our government would go on a binge of spending on goodies like green initiatives that deliver nothing and salaries for the big shots.

It is my hope that the crises in Ireland and the rest of Europe gets worst. USA too. In a year of so, we won't get a red cent from the markets and Ecb/IMF will run out of steam. Then our government will have no option but to introduce a cut c 35% on everything is spends. They won't overhaul the public service or themselves because they do not know what is wrong with it.

I cannot wait to fiddle while rome burns. It will hit the poor for a while, but we will survive and out of the ashes will come a better wiser and leaner society.

We could easily default now and avoid impoverishing the poor further. Why let ordinary people freeze to death just to look more macho on the otehr side? Actually, in the midst of the biggest ever oil price hike, the greenness is needed.Capitalists and marxists alike know we need to default but they also know you cannot cut spending by a 3rd at once without a revolution. If anything, the 37'000 people who earn 150k plus should be taxed, like in Denmark which is a very similar economy at 56.5% instead of 37%, which would raise about 2 bn euro. If anything, we need capital controls on the IFSC which is 4 times our GDP and subsequent marginal financial transaction taxation of 1-2%. You talk about cuts-we should drop the seanad, axe 30 Tds, axe the president, axe all the mercs, the jets, axe all expenses except scheduled flights for ministers and have Tds earning about 50 odd k instead of 92k. Ministers should be on about 55k instead of 130k. the taoiseach should be on less than 60k. We have 20'000 PS workers on over 100k. a new wage cap of 60k would save about 1.5 bn euro. All of this would save a lot. I say, and so do others on the left and right, that the poor have been hit enough. Time to cut the real fat: the low tax rich. Not to mention that even Morgan Kelly wants 14.5% Corpo tax, not 11.5% which is the effective rate at present.