There seems to be a possibility at the very least that pay cuts of the order of 30% will be applied to CS/PS.
Presumably many of those likely to be affected are young people with huge mortgages taken out near the top of the property bubble.
If they cannot pay their mortgages after their pay cuts then what?
(In case I am accused of posting about myself; I do not have a huge mortgage - a very very small residual one in fact.)
Mr Gormley described calls for the resignation of his cabinet colleague as "absolute nonsense". He said Mr Lenihan was doing "a very good job under exceptionally difficult circumstances".
The cant pay crowd will quickly turn into the wont pay crowd, then Biffo/Lenny will have real problems, if they start taking to the streets Govt will fall very quick.
After that these people will want the values of their homes and thereon their mortgages greatly reduced and banged into NAMA, if they stop making monthly repayments to the banks/bld soc who is going to stop them.
If they did cuts of that level there'd be an election within 2 months. Cuts of even 10% (on top of the pension levy) would IMO result in a CPSU/PSEU action which would target stuff like PQs, Minister's speeches & briefings etc. That's enough to see them go to the country , as otherwise they would be unable to even go on Morning Ireland to defend themselves.Originally Posted by Vega1447
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the same thing should / would happen to them as to anyone else, just because they are CS/PS should make no difference, though sadly i think it does give them an advantage
Enda Kenny on FF government: “We’re in this mess, not because Fianna Fáil policies have failed, but because they have succeeded.”
There will be strikes, and lots of them. The government will refuse to go. This will lead to street violence. We will have a new government with a new mandate, which has to clean up the mess created by FF. It will be interesting to see if people accept the same cuts when delivered by a non-FF government. My bet is they will and will curse FF for at least a generation.
30% on top of the pension levy would amount to an average of 38% reduction in pay (on top of tax increases, child benefit/ ECS reductions etc). Even including those who have gone on the dole, this would be miles worse than the average pay reduction in the private sector. it would also be impossible to dish out on many public sector workers without reducing the minimum wage.
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Plenty of civil servants on over 100k. Let them suffer.
Reverse benchmarking of the order of 15% or so has to happen. OK to give it when there was a boom (maybe not, but you know what I mean), now that everythings gone South, the status quo has to be maintained.
I have no gripe against PS/CS, have lots of family involved there. But many of them are resigned to the fact that it ain't over yet. Expect a rush of applicants for the early retirement scheme late August. There will be drip, drip of information such as mentioned above, and God help those who cannot avail of the opt out schemes. They are the losers in all this. Yes, those with the big mortgages. This will not be pretty, but I don't know how it can be otherwise really. Start at the top though FGS and lead by example first - Dail members, are you listening?
They'd probably have no problem giving back the ghost 12% they got under benchmarking II.
I honestly can't see pay cuts of the suggested magnitude happening.
In any case, you'll see large numbers of private sector workers going to the wall before anyone in the CS/PS does.
Whatever the private sector workers get the CS/PS will get as well.
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