Time for the Bare-faced Truth.

[youngdan]

Another poster has started a thread on the things he is hates about Ireland. It lists 12 items and the poster can well be believed when he said he stopped for brevity. Other posters will likely add a huge amount of reasons of their own to make a long thread.

I have been considering the problem for a while and have reached many conclusions. Some agree with me and some disagree, as with possible solutions. Everyone agrees though things are getting worse very quickly. Tuesday saw 6 billion borrowed at a scary interest rate of 5.93%. Thursday saw an even more alarming 2.4 billion euro borrowed without one mentioned on this website. Also 450 more job losses announced. I believe default is unavoidable but lets put all that aside for the moment.

I believe the one truth above all that must be faced is that the politicians do not give a rat's ass about the welfare of the Irish people. Every single one of them is hell bent on grabbing as much as possible for themselves. They would sell their mothers to get reelected. Multiply this by 5 when you speak of MEPs, what a tax payer jucket these pigs are on while 400000 are on the dole.

What needs to be done is get rid of all 165 of them. They have totally destroyed the country. Not just economically but in even single aspect you can think of. The need to be sacked. Their job performance is deplorable. Many have been there for generations.


We need a clean sweep. Any person picked at random would do a better job, how could they do any worse.

I propose that a group get together, work out a framework and I feel there would be no shortage of candidates willing to seek office. Career politicians can screw but genuine people to serve a max of 2 terms. All that is obligatory is honesty.


I am not asking just free market believers like myself but left believers as well. Some posters holding opposing views are held in great regard. The only requirement would be the understanding that money can not be spent that isn't there. Everyone realises that "shock theropy' would be devastating but that is what is right ahead.


Otherwise ye can groan about NAMA etc but at the end of the day the opposition would have ye pay as well.

If anyone wishes to pm me then please do.

If nobody is interested then I can watch the debacle unfold.

[Digout]

I fully agree Dan, but I would go a little further. I believe the FFers who got us into this mess should be punished, and punished very severely. We need to reclaim our country.

[Digout]

I forgot to check the NTMA site this week, just had a look now. FFS, the short term money only had a cover of 1.6, last time it was almost 2. Looks like the buyers are getting spooked?

[youngdan]

After a clean sweep the country should have it's justice system overhauled. Fraud would be a crime that would be severely dealth with.

The bonds had slack demand. The bid to cover only gets important as you approach 1. A bid to cover of 3.8 say versus 2.8 say means little. When these began a few months back it was 500 500 500 million and today it was 800 800 800. 2.4 billion total. They was a ton of earlier bills maturing so that cash just paid off old ones. It is called rollover.

As can be seen it quickly grows.

[cactusflower]

Digout: surely you're not going to let Lenehan run you out of the country ?

Youngdan, as you know I agree with you wholeheartedly about some of the problems, but not the solutions. If you want to see a sink or swim every man for himself society, that's what the IMF is your only man.

FXS - this Government is even giving us the IMF recipe without getting the loans. Cheap or what.

Time to stop hurling on the ditch though.

[youngdan]

I have acknowledged that the time to go to the sink or swim scenario is past. I see the situation now as life threatening. I want to focus everyone's mind on what happens the day the government cheques bounce.

The time for the left/right argument is over. Now it is the time for the them versus us argument

[cactusflower]

I have acknowledged that the time to go to the sink or swim scenario is past. I see the situation now as life threatening. I want to focus everyone's mind on what happens the day the government cheques bounce.

The time for the left/right argument is over. Now it is the time for the them versus us argument

Anyone who's looked at Russia and Argentina wouldn't be arguing. A plan needs to be put in place for how to deal with a default situation and keep people eating and with medical care. I can't see any of the parties around tackling it, although there may be individuals on the left, in the Unions and in the Republican movement who would.

Is there any party out there that wants to take this on?

[TimBuckII]

Absolutley. We need a 10 year dictatorship. It would be easier to then over through a dictator than it is now to remove FF and FG.

[Victor Meldrew]

The time for the left/right argument is over. Now it is the time for the them versus us argument

YD, I usually agree with your analysis, but disagree with your invective, but you are right in the above comment. The biggest (fixable) issue we have internationally is credibility, Domestically, it's one of moral authority. both are easy to fix and would allow the paralysis to lift.

The glaring hole in our finance will be tougher, and An Bord snip better be good...

[youngdan]

I am nasty to most politicians. I am nasty to a lot of posters but only after they start it.

It is a glaring hole and they can talk about raising taxes but who are they fooling. The unemployment rate is about 10.5 and is forecast to go to 15%. That is just a figure pulled out of thin air because 25% is incomprehensible.

As for cuts. An Bord Snip is a great name but it should be An Bord Scalp.

Mikie Mousing around with 2 billion won't cut the mustard. They need about 30 billion