rte.ie/business/2010/0913/budget.html
It was only a matter of time before we heard this from BL…Now the fun begins!
spqr64
September 13, 2010, 3:46pm
2
So, whose getting hit here and by how much.
Can someone explain to me why we are aiming for 3BN when the deficit is 20BN?
We are part of a common currency now and inflation and/or a devaluation is not a solution anymore.
How will the Croke park agreement hold up against this statement… Pay cuts in the PS are surely on the cards again?
When they said “the agreement would become null &void if the countries financial situation worsened” or something to that affect,
Can they say we passed that line now?
Only €17 billion to go.
2009 €24 billion and the government cut €4 billion.
extrapolating at €3 billion a year from here on in …
2011 €17 billion and the government cuts €3 billion.
So, instead of cutting €24 billion in one fell swoop, they do it over 8 years.
No comment necessary !
spqr64
September 13, 2010, 4:01pm
7
mr_anderson:
Only €17 billion to go.
2009 €24 billion and the government cut €4 billion.
extrapolating at €3 billion a year from here on in …
2011 €17 billion and the government cuts €3 billion.
So, instead of cutting €24 billion in one fell swoop, they do it over 8 years.
No comment necessary !
Jaysus H. The mind boggles.
mr_anderson:
Only €17 billion to go.
2009 €24 billion and the government cut €4 billion.
extrapolating at €3 billion a year from here on in …
2011 €17 billion and the government cuts €3 billion.
So, instead of cutting €24 billion in one fell swoop, they do it over 8 years.
No comment necessary !
Yet still 14% unemployment!
If only we had a stimulus package!
kennyb3
September 13, 2010, 4:13pm
9
mr_anderson:
Only €17 billion to go.
2009 €24 billion and the government cut €4 billion.
extrapolating at €3 billion a year from here on in …
2011 €17 billion and the government cuts €3 billion.
So, instead of cutting €24 billion in one fell swoop, they do it over 8 years.
No comment necessary !
Agreed, I know that they cant just take the full 20bn out as this would be impossible but surely if they’d have taken 5-6bn every year starting 2009 we d be in a better place. But what do i know.
Just wait till we have a harmonised Corpo tax rate!
Although this extrapolation may be clear to most on the pin. It is yet another fact that the general populace haven’t grasped.
It should be another nail in the FF coffin but people don’t really see past thinking, how will the budget affect me.
I see the Vintners were on Good Moaning this morning telling us that cutting VAT and excise on pubs is the way forward… get your pre-budget submission in now…
They should get in ahead of the possy and introduce a long johns levy before the winter sets in. This will be one of the few booming markets in Ireland in the winter of 2010.
this is a class quote from the RTE article:
Earlier, the EU’s economics affairs commissioner, Olli Rehn, urged Ireland to act ruthlessly with a ‘rigorous approach’ to tightening public finances , amid continuing concerns over the banking sector.
whuy dont we just gas the sick, poor, unemployed, foreigners, privatise the health education systems etc? Let teh free hand of the market decide if u should starve to death!! the money saved will keep Anglo on its feet for another month
For brave lenihan , and well he deserves that name, will hit the poorest hardest. hes a patriot u know
I’m surprised they’re not pushing for off-licenses to be abolished
mr_anderson:
Only €17 billion to go.
2009 €24 billion and the government cut €4 billion.
extrapolating at €3 billion a year from here on in …
2011 €17 billion and the government cuts €3 billion.
So, instead of cutting €24 billion in one fell swoop, they do it over 8 years.
No comment necessary !
I think you forgot the interest servicing cost on the additional debt?
mr_anderson:
Only €17 billion to go.
2009 €24 billion and the government cut €4 billion.
extrapolating at €3 billion a year from here on in …
2011 €17 billion and the government cuts €3 billion.
So, instead of cutting €24 billion in one fell swoop, they do it over 8 years.
No comment necessary !
You’re assuming that tax revenue will remain static and that Ireland will remain in the shitter for the next 7 years.
HouseBuyer:
mr_anderson:
Only €17 billion to go.
2009 €24 billion and the government cut €4 billion.
extrapolating at €3 billion a year from here on in …
2011 €17 billion and the government cuts €3 billion.
So, instead of cutting €24 billion in one fell swoop, they do it over 8 years.
(€20 + €17 + €14 + €11 + €8 + €5 + €2) **€77 billion **to the national debt.
No comment necessary !
It’s Monday, allow him a little optimism will ya!
Duisigh
September 13, 2010, 4:51pm
19
that’s my giggle for the day.
We can stop borrowing now as easily as we can stop paying public servants. ( The two are pretty much the same )
Larry
September 13, 2010, 4:53pm
20
Story on this very point in today’s IT. SIPTU certainly seem to be anticipating possible movement on Croke Park:
THE CROKE Park agreement on public service pay and reform is going to come under some dreadful pressure over the coming weeks, a senior official of the trade union Siptu has said.
Speaking yesterday at the Desmond Greaves weekend school Marie Sherlock of Siptu’s research department said that while some in the trade union movement had contended that the deal did not deliver enough, “in the outside world the argument will be forcefully put forward that the agreement simply went too far” .
She forecast that in the run-up to the budget the media would “have it up in bright lights” that public sector workers had been protected at the expense of the lower-paid workers who would be targeted to generate additional income revenue and social welfare recipients who would be hit by harsh cuts once again.
…more…
irishtimes.com/newspaper/ire … 58597.html
