Will Labour now consider extending recovery period? €15Bn in 4 years is too drastic.

The Cat

Well-known member
Joined
Jun 6, 2010
Messages
973
FF have been moving the goalposts every few weeks. This time they didn't just move the gold posts they have started playing on a totally different pitch.

There was agreement among the mature parties that 3% deficit for 2014 was desirable. But that was arrived at before the full scale of the FF/GP incompetence came to light. What was a 4 year programme of "correction" should now be extended to 6 years. A proposed FF/FG/GP extraction of €6Bn out of the economy this year will play into the hands of the anachists and lunies and undermine any possibilty of national solidarity towards recovery. And we all know who will loose out.

I welcome Joan's suggestion that €4.5Bn would be a more realistic starting point, but I think the 2014 target is way to tight.
 


johntrenchard

Well-known member
Joined
Nov 7, 2009
Messages
991
The UK government also has, curiously enough , a FOUR YEAR programme.


Now have a guess what's in common between Ireland and the UK?

Secondly, you have to love this meme which goes unquestioned - the "take out of the economy" meme.


A proposed FF/FG/GP extraction of €6Bn out of the economy this year

If the government was Communist, and decided to reduce its spending from 100% of the economy to 98% , would that 2% be "taken out" of the economy?

Ok that is a bit extreme , but considering the utter waste going on (100 grand for a ten foot long awning outside a dole office) , if they cut back on 6 billion of waste, might not that 6 billion be used more efficiently in the private sector?

Maybe private sector companies could actually become MORE efficient by getting off the government teat and their 100 grand awnings, and actually become productive profitable companies that could grow and hire people.

Of course nobody (at least in the media) sees this , and thus the "take out of the economy" meme propagates. As if government was the sole powerhouse behind our economy.
 
Last edited:

JoeHickey

Well-known member
Joined
Feb 1, 2007
Messages
640
FF have been moving the goalposts every few weeks. This time they didn't just move the gold posts they have started playing on a totally different pitch.

There was agreement among the mature parties that 3% deficit for 2014 was desirable. But that was arrived at before the full scale of the FF/GP incompetence came to light. What was a 4 year programme of "correction" should now be extended to 6 years. A proposed FF/FG/GP extraction of €6Bn out of the economy this year will play into the hands of the anachists and lunies and undermine any possibilty of national solidarity towards recovery. And we all know who will loose out.

I welcome Joan's suggestion that €4.5Bn would be a more realistic starting point, but I think the 2014 target is way to tight.
Of course they will, nobody but nobody despite what they say in public believes that the 4 years is possible. All we need to demonstarte to the "markets" is that we have a credible plan. And what is your mature party crap? Sinn féin have published the best recovery plan Ive seen. And before you diss it at least read it or refrain from comment.
 
Last edited:

The Cat

Well-known member
Joined
Jun 6, 2010
Messages
973
Whats this nonsense about cuts taking money out of the economy?
The government will borrow €6Bn less next year. That will be a mixture of less spending and more tax. That is €6Bn that would have circulated this year but will not circulate next year.
 

atlantic

Well-known member
Joined
Jan 25, 2008
Messages
649
The gubermint or who ever is in the driving seat haven't hope of reaching 3% it's all b/s.Ireland is broke ,the welfare socialist state has done what it will always do go broke , compassion bulshyte politics always has a price.
But look on the bright side we are the focus now for awhile, watch the other sick ,broke bigger states coming to the fore in the next cupla years.
The fun is only starting with a broken global monetary system,it's sick and dying and on it's way to collapse.(print baby print)
While the going is good te Irish luders in the dail should take the mula in the NPRF 20 billion and create a bank ,borrow 200 billion on the fractional reserve system and start loaning out monies left right and center.
 

wombat

Well-known member
Joined
Jun 16, 2007
Messages
33,291

wombat

Well-known member
Joined
Jun 16, 2007
Messages
33,291
What was a 4 year programme of "correction" should now be extended to 6 years. .
So you want an extra 2 years of recession?
 

Mossy Heneberry

Well-known member
Joined
Jun 10, 2009
Messages
3,818
The government will borrow €6Bn less next year. That will be a mixture of less spending and more tax. That is €6Bn that would have circulated this year but will not circulate next year.
You have to look at the medium and long term consequences when it comes to dealing with our economic woes.

If the government borrows €6billion next year instead of cutting, we would have to pay a premium on that borriwing. This would mean more tax increases, so effectively the government would be taking money out of the economy.

You might say, well let's ignore the medium and long term and just focus on the short term or the here and now. That would not work because as soon as we come out of the recession and begin to grow, the m/l term consequences would kick in. Bringing us back into recession.
 

Goban Saor

Well-known member
Joined
Jul 5, 2010
Messages
925
The government will borrow €6Bn less next year. That will be a mixture of less spending and more tax. That is €6Bn that would have circulated this year but will not circulate next year.
But if we borrow we just have to pay it back later so we actually lose a lot more money in the long term.
 


New Threads

Popular Threads

Most Replies

Top