Posted on 09/29/2012 6:38:44 PM PDT by John W
MADRID (AP) -- Tens of thousands of Spaniards and Portuguese rallied in the streets of their countries' capitals Saturday to protest enduring deep economic pain from austerity measure, and the demonstration in Madrid turned violent after Spaniards enraged over a long-lasting recession and sky-high unemployment clashed with riot police for the third time in less than a week near Parliament.
Earlier, the boisterous crowds let off ear-splitting whistles and yelled "Fire them, fire them!" - referring to the conservative government of Prime Minister Mariano Rajoy, and venting their anger against tax hikes, government spending cuts and the highest unemployment rate among the 17 nations that use the euro currency.
On Friday, Rajoy's administration presented a 2013 draft budget that will cut overall spending by (EURO)40 billion ($51.7 billion), freezing the salaries of public workers, cutting spending for unemployment benefits and even reducing spending for Spain's royal family next year by 4 percent.
(Excerpt) Read more at hosted.ap.org ...
That's a whole lot of young people doing nothing. I wonder in which country the revolution will start?
Its coming to to the U.S., just a matter of time. we are spending billions of dollars more a day than we are taking in.
As common sense as this next sentence may seem, some people have not grasped the reality of it. You can’t spend more than you take in, especially at the rate of the U.S., forever. Eventually the crash will come as it is in Spain.
Why is an 8.9% increase in the budget considered “austerity?”
And, even if the budget is cut, why does deleveraging = “austerity?”
I would say that’s most people, even most freepers. I would describe what’s going on as essentially whistling past the graveyard. On a really, really big scale.
After November, maybe our Kenyan can find a Spanish birth certificate and.......
no tax hikes and get government out of ruining people’s lives
Pro-Communist protests.
And pray tell, what is the alternative to austerity? Total societal collapse? Sweet.
Unicorns.
Tell the eu to go pound sand and bring back the peseta
marker
Seven years of communist rule has destroyed the economy. So now the new government gets to clean up the mess.
And the pain of it is the perfect pretext for the communists to flood the streets with people hoping to make it impossible for the new government to govern at all. The very people who destroyed Spain will turn the peoples’ anger at the people who are cleaning up the mess.
But they want their free government cell phones.
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