But that's not the part of the debt Jake, or anyone here, is considering odious (it could be, in Greece part of it certainly is)! He is saying that the Irish government had no business socializing the extra 20% GDP of private debts of Irish bankers. He is also, I think, rather warm to the idea that said bankers should go to jail (I wouldn't put it past him to even be for the abolition of private banks), and that public money is for the public good, which I think automatically disqualifies him from Tea Party membership

The road of excess leads to the palace of wisdom - William Blake

But

1) I can call it odious that the ECB isn't buying those bonds at face value, and is forcing Ireland to jump through ridiculous hoops and fund in the private market.

and

2) Just because a third of the debt isn't odious doesn't mean the other two thirds also aren't odious.

- Jake

Friends come and go. Enemies accumulate.