Interest alone on this years extra debt (12 billion deficit + 3.5 billion to BoI + 3.5 billion to AIB + at least 7 billion to Anglo Irish) will exceed 1,000,000,000.oo euro a year.
Interest alone on this years extra debt (12 billion deficit + 3.5 billion to BoI + 3.5 billion to AIB + at least 7 billion to Anglo Irish) will exceed 1,000,000,000.oo euro a year.
There are times when you are simply required to be impolite. There are times when condescension is called for!
- Aaron Sorkin writing as President Bartlet to Obama, NYT 21/09/2008
You can't build a smart economy based on dumb decisions.
- Richard Bruton 18/12/2008
No No. let them go out in a whimper. Don't be giving the shinners ideas
Did he mention any new laws to stop Friends of Fianna Fail from lining their own pockets with our money?
Any word from him of impending charges to be filed against the ex-management of Anglo who have misled investors and the government?
Any sign of ACTUAL money being handed over by child abuse enablers in the religious orders (rather then the pathetic photo op of the religious orders being called in by the government)?
No, just the the usual S*** from Lenihan then. They did the minimum in the last couple of budgets to get past the elections, now we will see a crippling budget (but not FF lackys will be fired from their cushy government funded jobs) and Lenihan will try and portray it as a virtue that he is taking our money to pay for FF nod-and-wink politics. He must think we are all as thick as the quarter of the electorate who voted for FF in this election.
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No country could sustain the number of useless hangers-on we have.
Spending ran away under Bertie and Cowen in their efforts to buy off everyone, since the FF way has always been to buy off people and allow themselves to be bought.
FF only want to be in government to benefit from corrupt payments and that's the reason they bought off everyone.
Fianna Fail corruption is the main reason the value of our wage packets is decreasing. I doubt a pr*ck like Cowen with care though. Nor will his bosses in the banking and construction industry care either.
Sean Fitzpatrick is a bondholder in Anglo Irish Bank. The government will use that as an excuse not to touch him and Fitzpatrick knows that.
How would it look to international investors to have a bondholder doing a prepwalk, I can hear Brian Lenihan saying something similar already.
A new broom sweeps clean. The current Government are the cause of the bulk of our horrendous debt. (MMFF do not please darling say anything about the global crisis, thanks.).
So it will be a lot easier for a new crowd to sack all the members of quangos (no relation to them), bring in cuts (it was ff's fault), let Anglo go to the wall, and most importantly of all, get rid of NAMA and let the developers sort themselves out.