patrick.net

As crappy as our U.S. government finances are, where else are people going to put their money? Mao bond's?

http://www.latimes.com/news/nationworld/world/la-fg-france-president-election-20120507,0,1868345.story

"Hollande rode to victory on a wave of anger over austerity measures and a growing sense of inequality in France.

He has pledged to increase taxes on the wealthy by introducing a 75% tax rate on personal earnings that exceed $1.3 million a year, and to fix the salary of heads of state-owned companies to a maximum of 20 times the lowest-paid employee. He has also promised greater regulation of financial institutions and said he would force banks to split off their speculative operations."

Even the most leftest Americans would bristle at this.

#elections