What Economic Recovery? Italians fighting with police, going down the debt tubes with Greece

September 15, scores of protesters hurled smoke bombs and other objects, even a cow’s lung, at the police.

The riots took place outside the Italian Parliament.  Italian politicians are trying to come up with a new debt reduction plan.  The plan will be similar to the Greek plan, meaning Italian taxpayers, and the unemployed are going to suffer.

The Italian government is trillions in debt. The latest debt reduction plan hopes to have the debt paid off by 2013.  It can only be done with drastic tax increases and cuts to taxpayer funded government services (which will mean more people getting laid off).