Cabinet expected to approve €2bn stimulus package - RT News

The Cabinet is expected to approve a €2bn stimulus package of investment in infrastructure at its meeting this morning.

The broad outline is known and funding will come from a variety of sources, including the Pension Reserve Fund, future sales of State assets, and public private partnerships funded by the European Investment Bank.





How can they claim this is 2€ billion-pitifully low by the way- if it is based on sale of state assets not yet sold?

Public Private Partnerships means private money.... not stimulus

And the EIB stuff is just regular loans that can be accessed at any point (unless it forms part of a bigger plan which it obviously does not).

Aside from that of course this has all been announced before- i am sure we all remember local TDs on the radio welcoming EIB money from Scoil Naomh X etc.

RTE have fallen for it... will you?

If they want they could stimulate me by lodging that 2 bajillion into my account...!

Originally Posted by MacCoise2

Cabinet expected to approve €2bn stimulus package - RT News

The Cabinet is expected to approve a €2bn stimulus package of investment in infrastructure at its meeting this morning.

The broad outline is known and funding will come from a variety of sources, including the Pension Reserve Fund, future sales of State assets, and public private partnerships funded by the European Investment Bank.





How can they claim this is 2€ billion-pitifully low by the way- if it is based on sale of state assets not yet sold?

Public Private Partnerships means private money.... not stimulus

And the EIB stuff is just regular loans that can be accessed at any point (unless it forms part of a bigger plan which it obviously does not).

Aside from that of course this has all been announced before- i am sure we all remember local TDs on the radio welcoming EIB money from Scoil Naomh X etc.

RTE have fallen for it... will you?

Always with the binary thinking; could it not be a bulldroppings stimulus package?

Capital projects are the best investments. When the government raised current spending in the noughties such as child benefit, dole etc, all you were doing was making a situation that when the money dried up as it did, mass protests because cutting current is much more difficult than raising it.
Had McCreevy and Co. decided that he would spend money on capital rather than current, he would have created many jobs and we would be left with a much better infrastructure. And...we would have a smaller social welfare bill today.

Originally Posted by MacCoise2

Cabinet expected to approve €2bn stimulus package - RT News

The Cabinet is expected to approve a €2bn stimulus package of investment in infrastructure at its meeting this morning.

The broad outline is known and funding will come from a variety of sources, including the Pension Reserve Fund, future sales of State assets, and public private partnerships funded by the European Investment Bank.





How can they claim this is 2€ billion-pitifully low by the way- if it is based on sale of state assets not yet sold?

Public Private Partnerships means private money.... not stimulus

And the EIB stuff is just regular loans that can be accessed at any point (unless it forms part of a bigger plan which it obviously does not).

Aside from that of course this has all been announced before- i am sure we all remember local TDs on the radio welcoming EIB money from Scoil Naomh X etc.

RTE have fallen for it... will you?

I'm struggling to see your point here.

State assets will be sold.
PPP will be tapped.
The EIB will also be tapped.

This will form a fund.

This will be used on expenditure in the economny. On stuff.

Thats pretty much a stimulus package.

I have no idea whether it will work or not.

Using proceeds from the sale of state assets might be just about acceptable. But taking taxes from people just for the sake of building stuff is complete lunacy.

More so in this country when the majority of the goods required are imported. A good day if you are Chinese.

Common examples of special interest groups practicing the broken window fallacy might be:
Arguments for public works projects as a way to reduce unemployment. The hidden cost here is of course the tax payer's money, and the special interests are the jobs created by the public works. This is analogous to the fallacy only if in fact the taxation induces opportunity costs and a net social loss, yet public works are not inherently destructive and need not involve demolition for the sake of superflous rebuilding (i.e., intentionally breaking windows).

Parable of the broken window - Wikipedia, the free encyclopedia

The opportunity cost is taking future money from citizens who would otherwise spend it directly creating jobs and who would be far more efficient using it as it is their money.

Completely agree, I look forward to seeing lots of smiling ministers with pictures of previously anounced projects. And I've no doubt they'll be 'launched' again before shovel hits dirt.
Just get on and build the feicin' things

Originally Posted by statsman

Always with the binary thinking; could it not be a bulldroppings stimulus package?

Any chance you could stay on topic you extremely unfunny twerp.

Originally Posted by meriwether

This will form a fund.

.

Well then announce it then. (It won't form a fund, it will just be loads of diffgerent bits of money)

My other point is that the 2€ billion figure is not a state/government stimulus, it's a lot of other stuff in there too that can happen anyway

Originally Posted by meriwether

I'm struggling to see your point here.

State assets will be sold.
PPP will be tapped.
The EIB will also be tapped.

This will form a fund.

This will be used on expenditure in the economny. On stuff.

Thats pretty much a stimulus package.

I have no idea whether it will work or not.

The old adage should be applied here:

"A bird in the hand is worth two in a bush"

There's another one:

"Don't your chickens before they're hatched"

How much will be raised from selling state assets and will they be sold at a decent profit?