tag:blogger.com,1999:blog-4413935813892441553.post1693538780976061225..comments2024-03-20T02:13:42.947-05:00Comments on real economics: More record "accomplishments" for the austeriansJonathan Larsonhttp://www.blogger.com/profile/05217670446743983955noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-4413935813892441553.post-91722856985481350102012-05-01T09:41:54.132-05:002012-05-01T09:41:54.132-05:00Adams main party stance sounds familiar--"cal...Adams main party stance sounds familiar--"called on a “cleansing” of the European banking system with a writing down of a portion of toxic debt and deleveraging of assets."<br /><br />But even though they call it only a 'haircut', a writedown seems to repel bondholders as if it were a castration. These bond values were based on a bubble, which burst, to wait for it to re-inflate is to engage in magical thinking, not reality.Mikehttps://www.blogger.com/profile/05252804186064393926noreply@blogger.comtag:blogger.com,1999:blog-4413935813892441553.post-41648761357076315592012-05-01T08:20:06.072-05:002012-05-01T08:20:06.072-05:00How about in the United States? 100,000 senior cit...How about in the United States? 100,000 senior citizens who depended on The Older Worker Program to feed themselves without welfare have had their hours cut back to 10hrs a week and all extensions in the program ended due to republicant total disregard for the very people that helped to build this country, paid taxes, paid their dues in life, and now are left vulnerable to homelessness and starvation without the 65% that were eliminated from their employment.Anonymousnoreply@blogger.com