Just as we can't touch our blameless, selfless elite because, as Lenny said in the Dail last week, they would simply leave the state rather than pay more tax to help us fix their mess, we can't avoid making the sick, the young, the old and the unemployed feel savage pain to bail out international bondholders.
Two mantras, accepted without question by our corrupt media/political axis: no extra pain for the very rich, and no standing up to the bondholders, not that we've had any thanks for our servility.
Perhaps we should all read the following, and spread the word.
Please note: this is not just a rehash of the list of bondholders, but a deeper look at the unimaginably vast assets which would cushion them if we defaulted.
Golem XIV - Thoughts: Who are the bond holders we are bailing out?
As for Golem himself, here's some background.