On 11 November 2011, Rigor Montis became President of the Council, officially to save Italy from collapse. Since then the public debt has gone from 1,905 billion to 1,948 billion (figures for April 2012), youth unemployment has reached a record high of 34.2%, GDP will be down this year by 2.4% (but more realistic predictions say it’ll be down by 3%), requests for home mortgages have halved, down by 47%. Rigor Montis’ mission was to reduce the spread. This is why he brought in the IMU tax, why he raised taxes generally, why he cut spending on health, on justice and even cut about a thousand post offices, and did away with article 18. The spread didn’t notice this great commitment and today has gone up to 480 at the same time as the downgrading of public bonds to Baa2 from A3, only two steps away from being classed as “junk”. Eight months of taxes, unemployment, and fiscal expropriation of private wealth, to get back to the starting point with the country on its knees even more than before. In a private company, a result as successful as this would result in the administration being booted out of the window with a kick up the backside. Rigor Montis has flown to Idaho, the ancestral home of the Blackfeet tribe, to reassure the international finance people. The crisis cannot be resolved with the dogma of growth, that anyway has been made impossible by the terrifying tax burden that blocks expenditure and investment. We are hanging ourselves. In a year’s time, with this recessionary policy that has as its guiding star the spread and the lowering of interest rates on the public debt, all economic indicators will be worse, with the only result being that this nation has been made even poorer. In the descent into the depths, the people like Caronte, Berlusconi and Bersani, those who have dragged us into the abyss of an enormous public debt, are lecturing us and are offering to be our saviours and govern us in 2013. Adding insult to injury. The scoundrels always go back to the scene of the crime. See you in Parliament! It’ll be a pleasure.
PS: Through the ECB, the Monti government has lent money to the Italian banks so they can buy our public bonds from the foreign institutions and banks that wanted to get rid of them. Obviously, the whole thing has been paid for by the Italians with taxes and cuts.
Posted by Beppe Grillo at 06:47 PM in Politics
(1) | Comments in Italian (translated)
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