Spending Their Way to Total Collapse

Italy may be providing a preview of how other countries are going to handle their out-of-control spending problems: Spend even more!

Those old solutions [to financial woes] … emphasize fiscal frugality (cuts to social welfare), flexible labour markets (low wages) and structural adjustment (throwing people out of work).” Given a choice, voters will choose anything else: “they will vote for anyone who promises another way. If the only ones promising another way are racists, sybarites and clowns, that’s who people will vote for.”

h/t Mark L.

We Don’t Need No Stinking Giant Mirrors

Washington Times;

Citing confidential documents, Green Choice Solar LLC says the Colorado-based Abound knew about two major problems with some of the company’s solar panels.
The company’s disclosure, made public in a recent filing in U.S. Bankruptcy Court in Delaware, raises new questions about Abound Solar’s products and who will pay to get rid of solar panels that don’t work anymore. It’s unclear from the filing whether federal officials were told about defects. A spokesman for the Department of Energy, which awarded a loan to Abound Solar, declined to comment on the court filing when reached Wednesday.
Meanwhile, Green Choice says it is stuck with thousands of Abound solar panels that are expensive to dispose of because they contain cadmium telluride, a toxic substance.

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