Saturday, September 18, 2010

Sovereign Debt DEFAULT = Republic of Ireland ?

Telegraph: Reports on the worry that the Ireland will go belly up and will not be able to pay its debts like Iceland and will need to be bailed out by the IMF. Lets gets it straight folks, the Western European Countries are broke, Ireland, UK, Spain, Italy, the welfare state is a cancer to the system, the welfare state from the NHS down does not create profit or jobs, that was the problem with the Blair/Brown years, New Labour just spent and spent, when the crash came the money had run out, the welfare state from the NHS to benefits just grown each year, there comes a point when it has to end, not welfare but its structure, why should those that leave school at 16 or 18 get any benefits, why should one parent families that grown when on benefits get any extra benefits, why should the welfare state be the best and better option for a lot of younger people. The UK Government has a debt of around 156 billion that has to be rolled back, this will take drastic measures, even eye watering measures, if the Trade Unions go on strike then sack them, employ those out of work, President Reagan sacked Air Traffic Controllers when they went on strike, it takes that kind of toughness, Lady Thatcher would not compromise with the NUM or any other trade union. The good years are over folks, the UK voter and the voters of Western Europe should get that fact or it will be tears before bedtime.

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