Massive Black Hole in FF Economic Plans – Bruton

[David Cochrane]

€450 Million Pensions Plan NOT Included in Economic Strategy Document claimed Fine Gael

“FF today promised to introduce a new SSIA-type scheme to promote pensions take-up, but they have given no details or costing” according to Fine Gael Deputy Leader, Richard Bruton.

“No provision for this scheme was made in their economic and budgetary plan published two weeks ago.

“However, Fine Gael were advised by the Department of Finance that a similar SSIA type scheme proposed by the PDs (€1 for €2 contributed) would cost at least €450 million per year.

“Either way, FF is making pension promises that it has no intention of keeping, or else, in an act of desperation, it has just blown a half a billion euro hole in its budgetary plans, thereby bringing the government finances into deficit by 2012 (according to its own projections).

“Either way, it is a case of more promises to be broken by FF.”

[meriwether]

Good man Dick.
Bruton's going to take Cowan to Chinatown on this. Cowan cant handle him when he's prepared, never mind when he's making up stuff as he goes along thats not costed, or even consistent with what he said 2 weeks ago.

What was that Biffo, about the slow roast on the barby you said yesterday?

[Fr. Hank Tree]

Good man. FF are now so desparate they're just promising to throw money at everything. They really are undermining their own credibility when it comes to sound economic management...

God help Ireland if they get 5more years...

The country will be ruined just to pay for their short-term electoral gain

[untouchable]

This is really old news. It has all been rehashed before by numerous correspndents, economists, and newspaper hacks.
Even by me!!
Fianna Fail have created a public service pension time bomb that will probably cause riots on the streets in the next 10 to 15 years when the cows come home.
http://www.soldiersofdestiny.org/nopensionforyou.htm

[Johnny]

God help Ireland if they get 5more years...

The country will be ruined just to pay for their short-term electoral gain

It doesn't look too good at the moment regardless of who gets in.

[irishpeoplearewhingers]

This is really old news. It has all been rehashed before by numerous correspndents, economists, and newspaper hacks.
Even by me!!
Fianna Fail have created a public service pension time bomb that will probably cause riots on the streets in the next 10 to 15 years when the cows come home.
http://www.soldiersofdestiny.org/nopensionforyou.htm

People not saving enough may have something to do with it too.