cuts "worse than 1987" says An Bord Snip Nua..

[BodyofEvidence]

See http://www.irisheconomy.ie/Crisis/McCarthyCrisis.pdf

Some lovely cheery messages....

slide 10 "Without policy change, and even without bank bail-out
costs, annual borrowing at 10% + brings 100% debt into
view fairly quickly, the lesson of the 1980s."

slide 12 "Far less low-hanging fruit back then (1987)
• Exchequer spending had been tightly controlled in early and mid-
1980s
• Real cuts in 1987 to 1989 were small and mainly capital; current
spending never fell in nominal terms."

AKA : there will need to be cuts in nominal terms, and lots of them to restore balance

[kellsangel]

one possible option

Australia Skilled Migration Points Test

[cyberianpan]

Makes sense overall, though I'm not so sure why he is so keenly chasing de-leveraging ... leveraging can be a very good thing and I'm not convinced it's the problem or that it is gone. Though it certainly has started to go and until we see how the credit crisis pans out I suppose it is wise to de-leverage.

cYp

[Oppenheimer]

So, Slide 15 which "commercial Semi-states" and "real (catholic church) property" can the Govt. sell to help with the deleveraging?

[Factorem]

So, Slide 15 which "commercial Semi-states" and "real (catholic church) property" can the Govt. sell to help with the deleveraging?

What the hell is your problem?

How do you propose seizing privately owned land?

I suppose you'd be in favour of shutting down churches too "in the national interest".

The fascism on display here is appalling.

[kellsangel]

So, Slide 15 which "commercial Semi-states" and "real (catholic church) property" can the Govt. sell to help with the deleveraging?

we want our 1.6 billion back and the church will have to cover the cost on their own

[Factorem]

we want our 1.6 billion back and the church will have to cover the cost on their own

Tell you what. Let the courts decide who owes what.

No minister has the constitutional power to seize private property cos they have a chip on their shoulder.

[spidermom]

Have we stopped talking about cutbacks then???????????????????????????????

[Conor]

I've deleted off-topic posts, I'll delete more if they're posted.

[spidermom]

I've deleted off-topic posts, I'll delete more if they're posted.

Do you much left after that???