{"id":5839,"date":"2012-06-13T10:49:49","date_gmt":"2012-06-13T15:49:49","guid":{"rendered":"http:\/\/brucegarrett.com\/brucelog\/?p=5839"},"modified":"2012-06-13T10:51:12","modified_gmt":"2012-06-13T15:51:12","slug":"morality-3","status":"publish","type":"post","link":"https:\/\/brucegarrett.com\/brucelog\/5839","title":{"rendered":"Morality"},"content":{"rendered":"<p>It seems to work differently <a href=\"http:\/\/www.eschatonblog.com\/2012\/06\/worst-possible-thing-they-could-do-is.html\">for the rulers of the world<\/a>&#8230;<\/p>\n<blockquote><p>We went through this yesterday, but it&#8217;s a stark reminder of <a href=\"http:\/\/www.bloomberg.com\/news\/2012-06-11\/spanish-bailout-shows-europe-s-leaders-still-don-t-get-it.html\">where we are.<\/a><\/p>\n<blockquote><p>The deal, though, fails to address a fundamental issue that  has been spooking markets: This is the worst possible time for Spain to  borrow 100 billion euros. Under the agreement, any amount used to bail  out Spain&#8217;s banks will be added to the country&#8217;s government debt,  potentially pushing it to a net 70 percent of gross domestic product,  from about 60 percent today.<\/p><\/blockquote>\n<p>According to Our Galtian Overlords, austerity is necessary. Except, of  course, when it comes to massive failing companies known as banks.  Just  keep lighting billions of taxpayer money on fire, paying massive  salaries to the people who are destroying the world.  And nobody mention  moral hazard, because that&#8217;s what happens when you give someone an  extra $10\/week in food stamps.<\/p>\n<p>There are lots of reasons the banks are having problems, but one reason  is that people have no jobs and no money.  And the Galtian Overlords are  determined to keep people broke and unemployed, while extracting  everything possible from the economy to give to the banks.<\/p>\n<p>There&#8217;s stupid, but also a whole lot of evil.  Bad people run the world.<\/p>\n<p>-Atrios<\/p><\/blockquote>\n<p>This has been another edition of <em>What Atrios Said<\/em>&#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It seems to work differently for the rulers of the world&#8230; We went through this yesterday, but it&#8217;s a stark reminder of where we are. The deal, though, fails to address a fundamental issue that has been spooking markets: This is the worst possible time for Spain to borrow 100 billion euros. Under the agreement, [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[21,6],"class_list":["post-5839","post","type-post","status-publish","format-standard","hentry","category-politics","tag-the-abyss","tag-the-right-wing-mindset"],"_links":{"self":[{"href":"https:\/\/brucegarrett.com\/brucelog\/wp-json\/wp\/v2\/posts\/5839","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/brucegarrett.com\/brucelog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/brucegarrett.com\/brucelog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/brucegarrett.com\/brucelog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/brucegarrett.com\/brucelog\/wp-json\/wp\/v2\/comments?post=5839"}],"version-history":[{"count":0,"href":"https:\/\/brucegarrett.com\/brucelog\/wp-json\/wp\/v2\/posts\/5839\/revisions"}],"wp:attachment":[{"href":"https:\/\/brucegarrett.com\/brucelog\/wp-json\/wp\/v2\/media?parent=5839"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/brucegarrett.com\/brucelog\/wp-json\/wp\/v2\/categories?post=5839"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/brucegarrett.com\/brucelog\/wp-json\/wp\/v2\/tags?post=5839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}