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Exchequer may be running out of willing creditors

This is a discussion on Exchequer may be running out of willing creditors within the Economy forums, part of the Topical Discussion category on Politics.ie. Originally Posted by cavok WHY IS THIS NOT HEADLINES? its an outrage Is should be, but the media is controlled ...

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  #41 (permalink)  
Old 21st April 2009
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Quote:
Originally Posted by cavok View Post

WHY IS THIS NOT HEADLINES?

its an outrage
Is should be, but the media is controlled by FF.
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Old 21st April 2009
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while it is very difficult to take any thread seriously when digout is the main contributor, it would appear that the economic sovereignty of this Republic is under pressure. Some questions:
1. Why did the EU sanction savings of 4bn two weeks ago when ten were needed?
2. Can the ECB do anything?
3. What did the IMF say in their last survey?
4. Is this lack of demand linked to noble prize winners and rating agencies downgrading us and other sentiments?
5. WTF can we do?
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Old 21st April 2009
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Originally Posted by Question R24U View Post
5. WTF can we do?
Remove the need for loans, cos we're almost at the end of our run, cut costs and increase taxation.
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Old 21st April 2009
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Quote:
Originally Posted by Question R24U View Post
while it is very difficult to take any thread seriously when digout is the main contributor, it would appear that the economic sovereignty of this Republic is under pressure. Some questions:
1. Why did the EU sanction savings of 4bn two weeks ago when ten were needed?
2. Can the ECB do anything?
3. What did the IMF say in their last survey?
4. Is this lack of demand linked to noble prize winners and rating agencies downgrading us and other sentiments?
5. WTF can we do?
The Political balls are not in place

30% min cuts on PS CS wages salaries across the board

EVERYONE

Soc Wel cut 20%

Cancel all RENT subsidies (the greatest unspoken scam)
renegotiate all deals

I guarantee I could give you a balanced budget
I would be about as popular as Adolf Hitler
and you know what I could not care less
a true patriot would deliver a balanced budget and save this Nation
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Old 21st April 2009
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This government has zero chance of getting through spending cuts IMO.

They claim they can't cut TD's increments or ministerial pensions due to employment contract laws. If that really is the case how will they be able to cut public sector wages.

We are running out of time to turn this around.
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Old 21st April 2009
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Speaking of the IMF, the IMF expects that the cost of stabalising the Irish banks will be about 13.9% of GDP or about 25 billion - the highest % cost in the (developed) world.

Furthermore, our debt is increasing at more than 3 times the rate of Greece and we should catch up with them on current trands in 2012.

The link is http://www.imf.org/external/pubs/ft/...1/pdf/text.pdf
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Old 21st April 2009
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Quote:
Originally Posted by Dreaded_Estate View Post
This government has zero chance of getting through spending cuts IMO.

They claim they can't cut TD's increments or ministerial pensions due to employment contract laws. If that really is the case how will they be able to cut public sector wages.

We are running out of time to turn this around.
The fecking about over Ministers pensions and long service increments to TDs, though minor in the greater scheme of things, show that this regime is unable to govern.

After all, if they can't sort out 166 TDs and 60 Senators, how the fkcu will they sort out a public service with about 300,0000 employees.

Its no wonder everyone from teachers to nurses, guards and consultants walks all over them.
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Old 21st April 2009
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Quote:
Originally Posted by droghedasouth View Post
The fecking about over Ministers pensions and long service increments to TDs, though minor in the greater scheme of things, show that this regime is unable to govern.

After all, if they can't sort out 166 TDs and 60 Senators, how the fkcu will they sort out a public service with about 300,0000 employees.

Its no wonder everyone from teachers to nurses, guards and consultants walks all over them.
I guarantee I could give you a balanced budget
I would be about as popular as Adolf Hitler
and you know what I could not care less
a true patriot would deliver a balanced budget and save this Nation

Would you back my Militia? No, you're Irish, put the kettle on and whine
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  #49 (permalink)  
Old 21st April 2009
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Quote:
Originally Posted by droghedasouth View Post
The fecking about over Ministers pensions and long service increments to TDs, though minor in the greater scheme of things, show that this regime is unable to govern.

After all, if they can't sort out 166 TDs and 60 Senators, how the fkcu will they sort out a public service with about 300,0000 employees.

Its no wonder everyone from teachers to nurses, guards and consultants walks all over them.
Yep, says everything.
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Old 21st April 2009
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Quote:
Originally Posted by cavok View Post
I guarantee I could give you a balanced budget
I would be about as popular as Adolf Hitler
and you know what I could not care less
a true patriot would deliver a balanced budget and save this Nation

Would you back my Militia? No, you're Irish, put the kettle on and whine
Hitler didn't deliver a balanced budget and was incredibly popular in Germany before WWII.
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- Richard Bruton 18/12/2008
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