Over and over again, ad nauseum even for
myself, I've made the point in this blog that what this government is
continuing to do in bailing out our banks isn't just morally wrong,
it's lunacy, national financial suicide.
We
know we're already in trouble, far bigger trouble than is officially
admitted. Forget the 108% Gross Government Debt/Gross National Product
number; the true ratio of Gross Government Debt (fast approaching €200bn
when the exposure to NAMA and Anglo/INBS is factored in) to the far
more relevant Gross National Product (€129bn in 2011) is already off
the scale.
Now, I beg you, have a look at TABLE 1 below, the amount of debt coming down the track over the next three years, and tell me this economy is going anywhere but to hell, without even the luxury of a basket.
Now, I beg you, have a look at TABLE 1 below, the amount of debt coming down the track over the next three years, and tell me this economy is going anywhere but to hell, without even the luxury of a basket.
We
don't need Germany or France to tell us we're a 'special case' - patronising, shallow, hollow bullshit. We don't need 'improved' terms and conditions, this odious debt passed on to several future generations, annual reparations for a private war between private banks. We need
debt write-off and we need it now, starting with the Promissory Notes
but covering all so-called 'legacy' debt. Then, and only then, can we
even begin to consider recovery.
88
weeks we've been marching in Ballyhea and in Charleville in protest at
this organised madness; we'll continue marching til everyone else
catches up with us.
3 YEAR DEBT SUMMARY (including bank bonds)
Examine the figures, apply to the existing national debt, tell me it's sustainable.
Examine the figures, apply to the existing national debt, tell me it's sustainable.
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