New party needed for PRIVATE sector efficiency and reform?

[feargach]

Our current problems are being blamed on alleged public sector inefficiencies on the scale of less than two billion euro.

Yet we are currently being crushed by an increase in the cost to borrow money in the capital markets. We recently raised a bond for billions of euro on the international markets, just like we did last year and every year before that. But this year is different: the interest rate we need to pay to get this money has leapt upwards. Why? As a direct result of our decision to offer a 400 billion bailout to private companies, the banks.

Why did the banks need such a ridiculously huge sum, simply to survive?

Because they had mis-invested, in an insanely inefficient manner. They had given ALL (as in over 95%) of their business loans to property companies.

Even after the property bust began in the USA, the banks point-blank refused to hedge their one-way bet on property with any meaningful home-grown, export-oriented businesses. For the banks it was "property or bust". And bust it turned out to be.

We are going to see 52 girls dead from cervical cancer because of the cost of servicing this bailout alone. It will cost you more than the ENTIRE public sector, when all the accounting is done.

Back in the olden days, there used to be a different philosophy about priorities. The philosophy was: if problem A costs you €10 and problem B costs you €500, problem B is the top priority.

Today, problem B is the huge private-sector hyper-inefficiency, around the housing business mostly, but also rampant in €5,000,000 bonuses for idiots who bankrupt the banks they are in charge of. Yet we are doing nothing but whinging about an alleged problem A.

[junketman]

What union do you belong to?

[HanleyS]

I completely agree that there needs to be private sector reform, if that's what you want to call it, and a move away from the domestic property market as a driver of the economy. I think few could realistically disagree. That doesn't take away from the fact that the public sector has been creaming it off the back of private sector debt for the last decade.

[feargach]

What union?

The International Brotherhood of Getting Your Frickin´ Priorities Sorted Out.

I´m self employed, but in the past I´ve worked with public sector people. Majority were committed and work harder and smarter than the private sector counterparts.

There were a minority of leeches too, of course (as in all private sector operations of any largish size). They liked to take the piss, treat the bare minimum as a target and leave at the dot of five. Those ********************ers are the source of any stories you´ve heard of life being easy in the PS. The hard workers aren´t the type for self-promotion, so all the stories are one-sided.

[JCSkinner]

More trolling and desperate whataboutery from the gilded classes of the flabby public service.
Seriously, it's time to slash and burn. What sort of country is it when these lazy bollixes can't be sacked, yet teenage girls can't be inocculated against cervical cancer?
It's time for emergency legislation to enforce new contracts across the service. And if the unions don't like it, f-uck them. Let them whinge to Europe or march up O'Connell Street.
It's well past time that the public service took at least 20% job cuts and 10% pay cuts across the board.
This sort of trolling thread just goes to show the cosy contempt they hold for the rest of us who pay for their indolence, literally.

[Leftfemme22]

More trolling and desperate whataboutery from the gilded classes of the flabby public service.
Seriously, it's time to slash and burn. What sort of country is it when these lazy bollixes can't be sacked, yet teenage girls can't be inocculated against cervical cancer?
It's time for emergency legislation to enforce new contracts across the service. And if the unions don't like it, f-uck them. Let them whinge to Europe or march up O'Connell Street.
It's well past time that the public service took at least 20% job cuts and 10% pay cuts across the board.
This sort of trolling thread just goes to show the cosy contempt they hold for the rest of us who pay for their indolence, literally.

You're right, this kind of trolling does show nothing but contempt, particularly on an issue that quite clearly you know nothing about.

20% job cuts? What on earth are you basing this figure on?

[JCSkinner]

You're right, this kind of trolling does show nothing but contempt, particularly on an issue that quite clearly you know nothing about.

20% job cuts? What on earth are you basing this figure on?

More magic mind reading from Left Femme. Tell me, what number am I thinking of now? Can't? Well then, don't pretend to know what I know.
I base my 20% figure on
a) the amount of public sector wages that could be saved (nearly a BILLION)
b) the minimum proportion of skiving gits I've encountered in any government department or state agency (this proportion rises to a staggering 100% in one particular office).
A one in five cut would get rid of much of the dead wood, and allow us to stop killing pensioners and teenage girls.
Then we could get another half billion by enforcing benchmarking on the public service. It is estimated that when side benefits and perks such as pensions and flexitime are factored in, that the public sector is now 20% OVERPAID in comparison to the public sector.
I only proposed that half of that be retrieved for the exchequer, liberating another half billion.

Skin Flicks: Civil Service Skiving

[feargach]

I completely agree that there needs to be private sector reform, if that's what you want to call it, and a move away from the domestic property market as a driver of the economy. I think few could realistically disagree. That doesn't take away from the fact that the public sector has been creaming it off the back of private sector debt for the last decade.

It´s only a fact if the public sector hasn´t been working hard to merit that pay, compared with the Irish private sector.

Let´s take a look at the Irish private sector, shall we? It´s dominated by US companies here for the tax breaks, property businesses, retail and services. We´ll go one by one, and see if they´re more efficient or less efficient than the norm.

US companies here for the tax breaks: all the Irish workers in these tax dodges earn significantly more than their US parent company counterparts, yet they produce significantly less (because Irish workers take 4 weeks holidays minimum and a US worker is very lucky to get 1 week). No efficiency to speak of there.

Property businesses: hahahahahaha. Let´s just draw a little veil over the efficiency in that sector. Suffice it to say that you can buy new, energy efficient apartments in Germany, less than an hour from town, for under €50K.

Retail and services: oh for God´s sake, if these were even slightly efficient, nobody would know who Eddie Hobbs was! We pay more for these in Ireland than they do in St. Tropez. No efficiency.

There is no evidence whatsoever that the public service (including FAS and the HSE) has anything approaching the monstruous inefficiency of the above dominant sections of Irish private business.

[Leftfemme22]

More magic mind reading from Left Femme. Tell me, what number am I thinking of now? Can't? Well then, don't pretend to know what I know.
I base my 20% figure on
a) the amount of public sector wages that could be saved (nearly a BILLION)
b) the minimum proportion of skiving gits I've encountered in any government department or state agency (this proportion rises to a staggering 100% in one particular office).
A one in five cut would get rid of much of the dead wood, and allow us to stop killing pensioners and teenage girls.
Then we could get another half billion by enforcing benchmarking on the public service. It is estimated that when side benefits and perks such as pensions and flexitime are factored in, that the public sector is now 20% OVERPAID in comparison to the public sector.
I only proposed that half of that be retrieved for the exchequer, liberating another half billion.

Skin Flicks: Civil Service Skiving

Basically you are basing your figure on your personal experience and what the job cuts will save the economy in bland monetary terms with scant regard for the devastation wreaked on the Public services ability to perform the functions of the state.

One does not need to be a mind reader to conclude you haven’t a clue what you are talking about based on the evidence you yourself have forwarded. Just more mulch to pad out your tiresome inveterate blog.

Perks and benefits, LOL... you should seek employment in the Public Sector if its such a workers euphoria.

[Conor]

It is estimated that when side benefits and perks such as pensions and flexitime are factored in, that the public sector is now 20% OVERPAID in comparison to the public sector.

Estimated by who?