Major new spending cuts in the new year planned: SBP

[kerrynorth]

Including in Health, education and social welfare. This will make the budget look like a picnic.
Sunday Business Post | Irish Business News

[FutureTaoiseach]

The article's reference to how next year we will reach the limits of what we can credibly borrow because of the credit-crunch underlines the reality that we cannot borrow infinite sums of money to subsidise the pampered elites of the public-sector who historically have had jobs for life and better pay than the rest of us. The era of protected political-species in the economy must end. Pay-cuts are needed in the public-sector - the private sector workers are being forced to accept them. The Left often complain about a "two-tier system" in the health-service, but the real two-tier system is the relegation of the 75% of the workforce that inhabits the private sector to the status of economic Dalits while the remaining 25% in the public-sector are treated as Brahmins. End the caste-system in the Irish economy.

[rhonda15]

Ministers and senior officials now believe that Ireland faces a full-blown fiscal crisis in 2009, comparable to the 1980s, as the rapidly growing deficit threatens to lead to a spiral of borrowing and rising indebtedness.

[peadarmc]

Ministers and senior officials now believe that Ireland faces a full-blown fiscal crisis in 2009, comparable to the 1980s, as the rapidly growing deficit threatens to lead to a spiral of borrowing and rising indebtedness.

I still dont understand how they claim to not have seen this coming - it doesnt take an economist to work out that year on year economic growth is not sustainable in the long term! This was bound to happen sooner or later...! The FF led government are mostly to blame for squandering the money during the boom and not saving some for the eventual (and inevitable!!) rainy day!

[DeGaulle 2.0]

The article's reference to how next year we will reach the limits of what we can credibly borrow because of the credit-crunch underlines the reality that we cannot borrow infinite sums of money to subsidise the pampered elites of the public-sector who historically have had jobs for life and better pay than the rest of us. The era of protected political-species in the economy must end. Pay-cuts are needed in the public-sector - the private sector workers are being forced to accept them. The Left often complain about a "two-tier system" in the health-service, but the real two-tier system is the relegation of the 75% of the workforce that inhabits the private sector to the status of economic Dalits while the remaining 25% in the public-sector are treated as Brahmins. End the caste-system in the Irish economy.

Experts in the Dept of Finance believe that a tax on the use of the word "elite" could be of considerable help in stabilising the public finances.

[He3]

Experts in the Dept of Finance believe that a tax on the use of the word "elite" could be of considerable help in stabilising the public finances.

Good one. They could double their take if they also tax 'the heart of Europe'.

[cyberianpan]

This recession could be long and deep. The article notes we've €20 billion cash sloshing around now.

We need to invest some of this to ensure that the cutbacks are intelligent - there's actually a chance here to create greater efficiencies.

I'd recommend getting a lot more staff than the current 4 in "Bord Snip Nua" .

Implementing cuts without significant loss of service will be tough but achievable.

Now may be the last time we can get it right.

cYp

[JollyRedGiant]

Ministers and senior officials now believe that Ireland faces a full-blown fiscal crisis in 2009, comparable to the 1980s, as the rapidly growing deficit threatens to lead to a spiral of borrowing and rising indebtedness.

The 1980's - we'll be lucky.

[JumpedTheShark]

The 1980's - we'll be lucky.

you jest not nor I

80 less 50 more like it

Anarchy and Armageddon

stock up on amo, duct tape and plant your spuds now (last chance for spuds)

[Catalpa]

The 1980's - we'll be lucky.

Too true JRG!

If its only that bad we will be doing well.

This time round there are no bolt holes for the ranks of the young unemployed to head for.

BTW Care to ponder why almost another 40,000 immigrants have arrived here in the last three months when there are hardly any jobs available for Irish people these days?

Personal Public Service Number-Statistics on Numbers IssuedPPSNTopicsThe Department of Social and Family Affairs

Seeing as you self styled 'Socialists' think it was all so bloody wonderful in the past would you like to now reconsider that viewpoint?

Clearly we simply can't afford this - 40,000 more dependents on the Social Welfare system when the State is streched to capacity.

Now if you say they won't be on Social Welfare that means they are taking up employment here while Irish People are losing their jobs in droves....

Think about it.