The Bonfire of the Inanities #2

 http://triplecrisis.com/the-sound-finance-and-the-fury/#more-4021

...once governments bailed out the financial sector, rather than guarantee that another crisis cannot occur by imposing severe restrictions on financial speculators, cuts in social spending are being imposed in both the US and Europe.  The elites in developed countries are certainly not letting this crisis go to waste.  In the US a few Republicans want to raise taxes, but on the poor! A financial crisis caused by the excessive borrowing of the private sector has been transformed into an opportunity to roll back the Welfare State.

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