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  • irishtimes.com - Posted: October 26, 2010 @ 9:00 pm

    Hold Onto Your Hat

    Deaglán de Bréadún

    So now we know: Eur 15bn over four years. Hold onto your hat: it’s gonna be quite a rollercoaster ride. It seems to me that if, somehow or other, the Government can avoid abrogating the Croke Park Agreement, then we won’t become France Mark II. But is that possible under current policies and whilst maintaining the 2014 deadline?

    • paul m says:

      We’ll never be France mark deux – the unions here couldn’t conduct as cohesive and sustained mass strikes as we saw in France, especially not since SIPTU showed how entwined they are with government, albeit indirectly through FAS.

      Secondly, although we all talk a good talk about taking to the streets until we get a general election, we know in our heart of hearts we’ll deal with this crisis in a very Irish way – heads down, work harder than ever and hope as the ill wind blows over us we don’t take too many casualties. its worked for us in the past, why change anything?

      So Deaglán with the princely (ran)sum announced has anyone done a spot of calculatricks on how much each of citizen of tax bearing age would have to pay if the debt pie was divvied up equally over the next four years. I stabbed a guess at 1000 shiny euros. whats your guesstimate?

    • Liam says:

      Monkeys throwing darts could make better decisions then these clowns. The bank bail out was wrong , there has been no “reform” to speak of in the public sector, and now we are going to have to listen to months of chest beating or “not us guv!” when it comes to cuts. All I know is , if the interest on Gov bonds goes above 8%/10% there will be a run on the financial system here , then we will need the European Central Bank to bail us out officially apart from the fact that they have being buying our bonds anyway for some time. Then we might as well sack the government and be run direct from Europe.

    • orieldude says:

      The Irish public today gave their strongest signal yet that they approved of the government’s plans to cut spending when they said “so long as everyone else gets their money slashed and I don’t, I’m fully in favour of spending cuts”.

      In a poll conducted by me over tea break, the overwhelming majority of the Irish public said they back cuts to the public sector wage bill and benefits paid to other people – as long as they keep receiving all the benefits they currently receive and see no reduction in the public services that they use.

      Benefits paid to other people contribute to a ‘something for nothing’ culture, whereas the benefits they themselves receive are the least that ‘ordinary decent, law-abiding citizens’ require to keep them from falling into poverty, according to 100% of respondents.

    • Gopher says:

      With FF trapped by the Croke Park agreement, and Fine Gael by having to do a coalition with Labour, Ireland is unfortunately doomed.

      The only and best way to proceed is to further cut the public sector’s pay and privileges. Unemployment is not directly increased which is the boon of going in that direction.

    • paul m says:

      orieldude,
      at this stage the majority of people are so worn out they couldnt care less if the country fell on its arse tomorrow and couldnt get up, as long as it doesnt fall on their patch of turf and gets up in time for the the six o clock news to tell them its all alright.

      guess who – are you middle income / middle class? do you work in public sector or are married to or have family in public sector? you dont agree with your peers assessment that if they’re being hit with high taxes that the dole scroungers should also have their money slashed too?

    • Liam says:

      orieldude , very good, that is why large government and democracy will always end in a crisis. It makes sense from simple game theory to try to extract more from the system than is your just reward and there is no control mechanism. We have public sector entitlements, farmers entitlements, big business entitlements, older generation screwing the younger generation, the list goes on.
      I for one look forward to being ruled b our bondholder overlords ;-)


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