Ireland Inc. wouldn`t even qualify for a sub prime mortgage / loan at this stage![]()
To date the worst economic mismanagement the country has ever seen - Cowen has tripled the national debt in two years and then some. It will be 6 times higher when he leaves office than when he started. Criminal.
Previous winners -
Jack Lynch - 17% deficit
Garret Fitzgerald - deficits over 8% for five years, doubling national debt early in process.
CJH's GUBU goverment - public sector pay bill ramped up. Although in fairness to Haughey he did redeem himself in 1987 by cutting deficit from Fitzgerald's 8% to 3% for his period of 5 years.
"Give me control of a nation's money and I care not who makes the laws." Mayer Amschel Rothschild (1744 -1812).
Cant blame BIFFO solely. BERTIE the spoofer has to share the majority of the current slump.
Thread Title amendment request
20% of taxes will merely service the debt (that is, pay the Interest)
I hope people realise how bad things are