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How much will the National Debt grow in the next two years?


mairteenpak

Active member
Joined
Apr 21, 2008
Messages
196
With the initiative by the government to effectively under wright our banking system how much will our national debt have to grow to pay for it all?
 


Defeated Romanticist

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Apr 12, 2007
Messages
277
mairteenpak said:
With the initiative by the government to effectively under wright our banking system how much will our national debt have to grow to pay for it all?
A gegillion pengus.
 

Sidewinder

Well-known member
Joined
Oct 23, 2004
Messages
442
Over the next three years? Somewhere between 15 and 40 billion. Given the spectacular braindead incompetence of the drooling freakshow in charge, expect it to be well towards the higher end of that.
 

mairteenpak

Active member
Joined
Apr 21, 2008
Messages
196
Do we envisage a situation whereby the state picks up billions of debt from our banks while:

1 The Shareholders keep their ownership stake
2 Executives keep their massive pay packets and bonuses
3 Employees keep their cheap mortgages and fat salaries
4 The share price rises on the back of improved profitability


Bruton cannot stand by while this is allowed

The Failing Banks must forfeit ownership in return for replacement of their capital by the State. Failing banks must become state owned
 
Joined
Aug 6, 2010
Messages
66
The Debt - Theatrical Trailer

I know it's been a long time since this question has been asked but RTE have now compiled a technical analysis of the situation and have tried to explain it in layman's terms in this excellent documentary. Despite all the shameful and unwarranted criticisms directed at RTE from politics.ie I cannot fault them on this superb piece of work.

[ame=http://www.youtube.com/watch?v=XhyRpvgm03g]YouTube - The Blob (1958) - Theatrical Trailer[/ame]
 

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