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With Inflation rising how can the government justify cuts in the Budget?


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Sep 10, 2008
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With Inflation rising for the first time since 2008 how can the government justify cuts in the 2011 budget?

PReviously the government used the defation excuse to cut incomes from welfare or wages.

The goverment would have use believe that as things were getting cheaper we could all afford to take a hit. But now the shoe is on the other foot, how can we take cuts if things are getting dearer?

How can they justify cuts?

First yearly rise in inflation since 2008


New figures show that consumer prices rose by 0.2% in August compared to the same time last year - the first annual rise since December 2008.
The Central Statistics Office says that consumer prices rose by 0.7% in August compared to July.
The CSO says that during the month people paid higher average mortgage interest repayments, while the prices of clothing and footwear also rose as the traditional summer sales ended.
RTÉ News: First yearly rise in inflation since 2008
 

hmmm

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Oct 4, 2006
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Fairness....Keynes.....Stimulus....something about taxing the rich...oil and gas off Mayo.

I'm trying to predict the remainder of the OPs argument.
 

EUrJokingMeRight

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Sep 28, 2009
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Fairness....Keynes.....Stimulus....something about taxing the rich...oil and gas off Mayo.

I'm trying to predict the remainder of the OPs argument.
Irrespective of your lack of psychic ability, it is clear FF do not understand basic economic concepts, such as the difference between deflation and inflation.
 

Squire Allworthy

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May 31, 2007
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Government spending has to be brought back under control or taxes have to increase or a combination of both. Take your pick.
 

Ulster-Lad

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Oct 26, 2006
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and the interest rates will rise
 
Joined
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Government spending has to be brought back under control or taxes have to increase or a combination of both. Take your pick.
But if you name is, NAMA, ANGLO,AIB, or BOI etc......


Then its Spend, Spend Spend with no limits!

 

DCon

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May 5, 2009
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5,901
With National Debt rising how can the government not introduce huge cuts in the Budget?

Of course, being FF, they will not cut government costs. Much easier targets than Quango's
 

Squire Allworthy

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May 31, 2007
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But if you name is, NAMA, ANGLO,AIB, or BOI etc......


Then its Spend, Spend Spend with no limits!


I am not a supporter of the Bank guarantee etc, Even without that extra liability government expenditure exceeded income and the ability to raise tax is declining with the economy. So how do you intend to balance the budget?
 

Cassandra Syndrome

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Aug 23, 2009
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Stagflation has returned. Plus we have deflation and inflation. Deflation in durable and capital goods and most assets. Inflation in food and energy commodities. Symptoms of a very flawed, screwed up financial system.

The solution lies within the people and the market, not with a bunch of dimwitted spoilt middle classed bureaucrats with the pretense of knowledge lying up scratching their holes on our expense. Thats the real welfare cheats for you. Bad enough that they milk the system but their parasitic existance is coupled with their actions spawning real wealth destruction.
 

Odyessus

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May 16, 2007
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12,987
With Inflation rising for the first time since 2008 how can the government justify cuts in the 2011 budget?

Previously the government used the deflation excuse to cut incomes from welfare or wages.

The government would have use believe that as things were getting cheaper we could all afford to take a hit. But now the shoe is on the other foot, how can we take cuts if things are getting dearer?

How can they justify cuts?



RTÉ News: First yearly rise in inflation since 2008


The cuts were justified as necessary to get the budget deficit under control. Deflation was cited by the government as an argument that the cuts were not as draconian as they seemed, not as a reason for them.


Do keep up.
 

turdsl

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Mar 2, 2008
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I know we had to stop the Christmas bonus on the poor and cut the pension on the blind. but it was a bit harsh, to pay for Berties drivers and state car and to give him 12000 as well plus hi salary, Those people who will not work we better make them work fast. Fraud must be stopped,
 
Last edited:

charley

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Apr 3, 2009
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1,247
Simple, €50b out, €30b in, €2-3b per annum in welfare fraud
The figures for the black economy in Ireland suggest anything from 13% to 23%. if you take the highest figure this still only works out at €1billion so unless you can provide proven figures for your claims you need to recalulate your figures
 

staunch_FF

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Sep 9, 2010
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66
Some people are living in cloud cuckoo land. We need to make the cuts and they must come from somewhere. We cannot afford to have nearly 500,000 on the dole. They will have to emigrate so we can balace the books. Minister Coughlan even said it on the BBC Hardtalk interview. Besides seeing the world will give them plenty of experience. They will be more productive in using their skills then rotting away on the dole. What is stopping them?
 

turdsl

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Mar 2, 2008
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Some people are living in cloud cuckoo land. We need to make the cuts and they must come from somewhere. We cannot afford to have nearly 500,000 on the dole. They will have to emigrate so we can balace the books. Minister Coughlan even said it on the BBC Hardtalk interview. Besides seeing the world will give them plenty of experience. They will be more productive in using their skills then rotting away on the dole. What is stopping them?
It would certainly save the government the embarrassment of the dole figures, Brian Lenihan Sen. had similar brainstorms.
 
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