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Fantasy pretended cuts in government spending 2012


patslatt

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The first government website below studiously avoids giving last years' figures for comparison with this years' in case readers might realise that cuts in spending endlessly talked up by politicians and others have not happened.

http://www.finance.gov.ie/documents/exchequerstatements/2012/infooctob.pdf
http://www.finance.gov.ie/documents/exchequerstatements/2012/Taxprofile.pdf

For example,according to the Irish Times "On the spending side, total net voted expenditure, at €33.2 billion in September, was €338 million (1.0 per cent) ahead of projections. In year-on-year terms, net voted expenditure is €105 million (0.3 per cent) below the same period in 2011."

So despite all the talk,the cuts are negligible year-to-year. Generally,current government spending is still increasing,offset by cuts in government capital projects that mostly hit the private sector.What the government means by cuts is pretended cuts in pretended future spending increases that would have occured had the good times lasted.

The December budget likely will shaft taxpayers yet again as current spending continues to increase but diminishing returns in taxes should set in soon. As an ex bond fund manager at giant Pimco observed in the Kilkennomics festival about Ireland's capacity to repay debt,you can't get blood out of a stone.
 
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neiphin

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this should be funny
 

Red_93

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This is because there have been massive increases in social welfar payments, therefore negating any other savings. There is no doubt but that we need to create jobs in order to solve our budgetary crisis.
 

R3volution_R3ady

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wombat

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They might just raid all those pension funds again.
Only private pension funds can be touched, those of bankers and politicians are protected by the constitution. Now there's an amendment I'd campaign for.
 

Marcos the black

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This is because there have been massive increases in social welfar payments, therefore negating any other savings. There is no doubt but that we need to create jobs in order to solve our budgetary crisis.
Cut welfare payments in half..or phase out dole payments over a 3 year period. The cycle of generational welfare culture has to be broken..
 

daveL

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This is because there have been massive increases in social welfar payments, therefore negating any other savings. There is no doubt but that we need to create jobs in order to solve our budgetary crisis.
Massive increases since last year? Really? Has the unemployment register changed that much in a year?
 

asset test

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Just get rid of the PS altogether. One big bang, all at once.

We will be sorted.

Will that be enough of a PS cut for some of you?
 

patslatt

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They might just raid all those pension funds again.
But the civil service won't raid its own pensions. Its pensions could be valued by actuaries and taxed,with the tax coming out of wages given that pensions are unfunded.

But instead of raiding pensions to fund job creation programmes that are likely to be ineffective,it would be better if government lowered taxes on small business owners to create real jobs. High commercial rates,lack of bank credit and the economic depression make business expansion highly risky. But the brave small business person who does expand finds his hidden partner the taxman wants to take 55% of the profits paid out in dividends but none of the losses. Why bother?
 
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Red_93

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Massive increases since last year? Really? Has the unemployment register changed that much in a year?
Point taken. I'd imagine nonetheless that as people stay longer on welfare and become poorer, they become entitled to more benefits though - medical cards, rent allowances etc.
 

asset test

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For the optics, a 75% tax on pensions over 100,000 paid from the exchequer. Ie the first 100,000 taxed as normal, and 75% on anything over that.

Ha ha.

Ha, ha, ha.

I better lie down now.
 

Red_93

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Cut welfare payments in half..or phase out dole payments over a 3 year period. The cycle of generational welfare culture has to be broken..
Yes, but people have to be able to live... The common argument that if you cut welfare and wages that prices will fall is only true to a limited degree. We have next to no control over global food and fuel prices.
 

Expose the lot of them

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Cut welfare payments in half..or phase out dole payments over a 3 year period. The cycle of generational welfare culture has to be broken..
Or better create some real jobs so that the vast majority of those currently forced into unemployment can return to paid employment.
 

culmore

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most of the country are on the sick, and have free travel, why are Doctors giving out sick certs like confettee
 

patslatt

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Just get rid of the PS altogether. One big bang, all at once.

We will be sorted.

Will that be enough of a PS cut for some of you?
That would allow you to redeploy successfully to a private sector job,after a few sackings to get you sorted.
 

bonkers

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Yes, but people have to be able to live... The common argument that if you cut welfare and wages that prices will fall is only true to a limited degree. We have next to no control over global food and fuel prices.
Fuk them, let them die. Roaring if possible. Did you know that according to another thread on this forum they are low quality people?
 

patslatt

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For the optics, a 75% tax on pensions over 100,000 paid from the exchequer. Ie the first 100,000 taxed as normal, and 75% on anything over that.

Ha ha.

Ha, ha, ha.

I better lie down now.
Could tax law discriminate as it does with unearned income? A 75% tax rate compared to 55% on wages might be seen as confiscation under the constitution and the judges would have a bias as potential rich pensioners.
 
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