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Spain to Borrow $267 Billion
of Debt Amid Rescue Pressure

Bloomberg News, by Ben Sills

Original Article

Posted By:Photoonist, 9/30/2012 2:33:17 PM

Madrid - Spain plans to borrow 207.2 billion euros ($266.5 billion) next year, the Budget Ministry said today, as pressure builds for Prime Minister Mariano Rajoy to tap the European rescue fund instead of financial markets. Spain’s debt will widen to 90.5 percent of gross domestic product in 2013 as the state absorbs the cost of bailing out its banks, the power system and euro-region partners Greece, Ireland and Portugal. This year’s budget deficit will be 7.4 percent of economic output, (Snip) Spain’s borrowing plans may test investors’ willingness to continue financing the government with the

Comments:
How will Spain (and Greece and Italy and Portugal.......) ever be able to repay these massive loans especially as the world economy continues to languish? They can't. Those approving the bailout don't even really expect repayment. They just expect the thrall taxpayers to come up with the money again and again and forget that they've done it before with failure as the only result.

      


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Reply 1 - Posted by: mythman, 9/30/2012 2:51:38 PM     (No. 8900448)

The EU ideal must not perish regrdless of the cost - as run by EU PM Mr. Borroso of Portugal, a Communist and Maoist to boot in his youth. The goal is enslavement of Europe. Thank God for Nigel Farage of the UK Independence Party. His brilliant, eloquent speeches on Youtube, where he gets right in the Communists' faces on the EU Parliament floor, are a must for freedon-loving persons anywhere who are concerned about debt. And who want to see the grinning present-day disguises of Communist totalitarianism.

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Reply 2 - Posted by: Rumblehog, 9/30/2012 5:56:42 PM     (No. 8900769)

Socialism sure is expensive.

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Reply 3 - Posted by: bob913, 9/30/2012 10:49:09 PM     (No. 8901141)

Spain just got a new credit card.


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Reply 4 - Posted by: Trigger2, 10/1/2012 7:28:33 AM     (No. 8901516)

Wow. Spain will acquire $267B of more debt. Spain is just as stupid as Bernake and his traveling demonrats. These idjits won't be satisfied until the whole world collapses economincally so they can usher in the new world order while the rest of us live in the 8th century.

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Below, you will find ...

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Most Recent Articles posted by "Photoonist"



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Warren Defeats Scott Brown
Townhall, by Daniel Doherty    Original Article
Posted By: Photoonist- 11/6/2012 9:53:58 PM     Post Reply
We at Townhall have been covering this hotly contested Senate race for months and the results are finally in: With 36 percent of precincts reporting, Elizabeth Warren has been declared the next junior Senator from Massachusetts. Warren has never held public office before and the eye-popping $40 million she raised this election cycle evidently proved more than enough to unseat incumbent Senator Scott Brown. This was the most expensive Senate race of 2012 -- by a long shot.

Republicans lose ground
in bid to take over Senate
NBC News, by M. ALex Johnson    Original Article
Posted By: Photoonist- 11/6/2012 9:36:34 PM     Post Reply
Former Gov. Angus King, running as an independent, won the Senate contest Tuesday in Maine, NBC News projected, taking a seat that had been held by the Republicans. The loss further complicated the party's drive to take control of the Senate (Snip) Republican Ted Cruz defeated Democrat Paul Sadler to hold the open seat in Texas, succeeding retiring Republican Kay Bailey Hutchison, NBC News projected. See results Democrats held small edges in two of the other states critical to the balance of power in the Senate: In Massachusetts, where Elizabeth Warren, a law professor at Harvard University, was leading Republican

   

 

  


 
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Polling Shows Obama Leading In Ohio
Mediaite, by Meenal Vamburkar    Original Article
Posted By: Photoonist- 11/6/2012 9:23:34 PM     Post Reply
CNN’s Peter Hamby reported that Mitt Romney‘s internal polling showed President Obama leading in Ohio by five percentage points.Per Hamby’s post: The number represented a sharp final bump for Obama in Ohio, a race that had essentially been a tied race through much of the previous week, according to the campaign’s daily tracking. The polling, which also showed a tight race in Pennsylvania, explains why Romney officials decided to send their candidate on last-minute Election Day visits to Cleveland and Pittsburgh.

Obama adviser: 'They'll be counting
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Fox News, by Staff    Original Article
Posted By: Photoonist- 11/6/2012 9:11:57 PM     Post Reply
The Obama and Romney campaigns may be gearing up for a very late night, with one Obama campaign adviser predicting that in Florida alone, "they'll be counting until 2 a.m." The Obama adviser said signs suggest the race is quite tight, though the campaign claimed to be "holding strong" in key battlegrounds like Ohio, Pennsylvania and Wisconsin. The adviser also said turnout among black voters in Virginia was better than expected, suggesting that could be a problem for Mitt Romney. Republican operatives in Virginia, though, predicted a razor-thin victory for their candidate in the state.

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CNN, by Tom Cohen    Original Article
Posted By: Photoonist- 11/6/2012 9:02:23 PM     Post Reply
Washington - Early returns on Tuesday in what is anticipated to be a dead even presidential election contained no surprises, as CNN projected President Barack Obama will win his home state of Illinois and eight other races while Republican challenger Mitt Romney will win nine states. All races called so far went as expected after the roller-coaster ride of an election campaign that was buffeted by a superstorm and missteps on both sides. Obama and Romney ran dead even in final polls that hinted at a result rivaling some of the closest presidential elections in history, reflecting the deep political

Exit polls 2012: Hurricane
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Politico, by Emily Schultheis    Original Article
Posted By: Photoonist- 11/6/2012 8:48:28 PM     Post Reply
A week after Hurricane Sandy slammed into the East Coast, a majority of voters said President Barack Obama’s response to the crisis wasn’t a factor in their vote, according to early exit polls. Fifty-five percent of those surveyed, per CBS News’ early exit polling released by radio station WKZO in Kalamazoo, Mich., said Obama’s handling of the storm was a minor factor in their vote or wasn’t a factor at all. Twenty-six percent named Sandy as an “important” factor, and 15 percent said it was the “most important” factor in their decision.

Exit polls 2012: Mitt Romney
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Posted By: Photoonist- 11/6/2012 8:47:41 PM     Post Reply
Mitt Romney is leading among independents in both Ohio and Virginia, early exit polls show. In Ohio, the former Massachusetts governor takes 56 percent of self-identified independents, compared with 40 percent for President Barack Obama. That’s a huge decrease for Obama from 2008, when the exit polls found him winning independents in Ohio by 12 points, 52 percent to 44 percent for John McCain. The numbers are similar but slightly tighter in Virginia: Romney takes 53 percent of independents there, according to ABC News exit polls, a 12-point lead over Obama. In 2008, Obama won independents in the state by

   

 

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Obama, Romney locked in tight race
with battlegrounds too close to call
Fox News, by Staff    Original Article
Posted By: Photoonist- 11/6/2012 8:24:14 PM     Post Reply
Mitt Romney and President Obama each racked up early and expected victories Tuesday night in relatively safe territory, while some of the biggest battlegrounds that will decide the election remained too close to call. All the big swing states where polls have closed -- Florida, New Hampshire, Pennsylvania, Ohio, Virginia and North Carolina -- were too close to call, Fox News projects. (Snip) Obama will also win three of Maine's four electoral votes, Fox News projects. It is unclear where the state's fourth electoral vote will fall. The latest batch of poll closings, and results, has allowed Obama to take

Romney wins South Carolina
Market Watch, by Robert Schroeder    Original Article
Posted By: Photoonist- 11/6/2012 7:53:12 PM     Post Reply
Mitt Romney was projected the winner in South Carolina on Tuesday night, taking home the state’s nine electoral votes. So far Tuesday the former Massachusetts governor has taken other reliably red states including Kentucky and West Virginia. Romney leads in the Electoral College with 24 electoral votes to President Obama’s three.

Ohio exit poll: More Democrats vote,
but independents back Romney
CBS News, by Brian Montopoli    Original Article
Posted By: Photoonist- 11/6/2012 7:45:37 PM     Post Reply
As expected, the presidential race is tight in Ohio, where the polls just closed: President Obama is winning women 55 percent to 44 percent in the early CBS News exit poll, while Mitt Romney is leading 52 percent to 46 percent among men. Women made up 51 percent of the electorate, compared to 49 percent among women. Thirty-nine percent of voters so far identified themselves as Democrats, compared to 30 percent calling themselves Republican. Thirty-one percent identified as independent or something else, and Romney has a big edge among this group - 56 percent to 40 percent for Mr. Obama.

Romney Projected To
Win West Virginia
MetroNews [W. Virginia], by Staff    Original Article
Posted By: Photoonist- 11/6/2012 7:35:52 PM     Post Reply
As expected, Republican candidate for President, Mitt Romney, won West Virginia’s five electoral votes in Tuesday’s General Election over President Barack Obama. National media outlets called the race in West Virginia shortly after polls closed at 7:30 p.m. President Obama’s fate in West Virginia has never been in question, as he garnered just 60 percent of the democratic vote in the May primary. The other 40 percent of that vote went to Texas federal inmate Keith Judd, who was placed on the ballot in West Virginia. President Obama has been hugely unpopular in the Mountain State since he first ran

Exit poll show voters lean
toward GOP compared to 2008
The Hill [Washington, DC], by Justin Sink    Original Article
Posted By: Photoonist- 11/6/2012 7:18:08 PM     Post Reply
Early exit polls show Election Day voters are slightly more Republican than in 2008 and broadly concerned about the state of the U.S. economy. Six in 10 voters said the economy is their top issue according to the poll, which was released by The Associated Press and conducted on behalf of a consortium of media companies. Less than a quarter of voters said their families were better off than four years ago — a point seized on by many Republicans as the results leaked out.

   

 

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