Sunday, June 27, 2010

G20 pledges to slash debt in 3 years

Yes, folks, believe it or not, according to a just-filed ABC (that's Australian Broadcasting Corporation)story, the G20 (that's the people who actually work for the people who actually run the world) has resolved for the G20 nations to cut their budget deficits in half in 3 years. The report also says that "The leaders want to tackle deficits without stunting growth, while also clamping down on risky bank behaviour without choking off lending."

Yeah, and I want to make a billion dollars without leaving my home or getting up before noon each day. (Guess I should have been an investment banker.)

In one of those lovely coincidences that makes reading the news such fun, I also just read that the CIA has signed a $100 million contract with Xe Services to provide security services in Afghanistan. As you may recall, Xe Services is the new name for Blackwater, the mercenaries -- er paramiliary professionals -- who, no doubt among other things, were involved in a firefight in Iraq that ended up with 17 dead civilians. But, what the heck, that's collateral damage: if you can't stand the heat, get out of the war zone. I guess that changing their name worked - we the taxpayer have hired them again.

Meanwhile, back at the G20 -- and at plenty of other meetings leading up to the G20 pronouncement on deficits -- the main theme has been on how profligate governments have been in providing their citizens luxury services like healthcare, retirement pensions, and so on, big social "giveaways," which, if governments weren't saddled with providing, would free up that much more money to feed the endless-war machine and to provide much-deserved taxcuts for the rich.

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