Report's snips mainly long term

[cd27]

Is it just me or do most of the Bord Snip report's savings amount to long-term savings, e.g. cutting staff numbers?

Even if they cut all the staff tomorrow those savings would not be achieved for years.

This is why, given that the cash will run out by xmas, there will be real spending cuts in wages and social welfare as the State is bankrupt. They are struggling to borrow the massive amounts they are borrowing and these borrowings are only being achieved because ECB stepped in.

The report is side-show. We have no government, cowards all.

[cd27]

Does anyone really think the cuts will be made in time? wages & sociall welfare will have to be slashed to avoid bankruptcy

[Digout]

The report is side-show. We have no government, cowards all.

You are correct, this report is a sideshow. The source of the problems need to be sorted. The source is FF.

Why oh why cant we have a 3 - 5 year business plan? I..E. offer redundancy to PS workers? A lot of people that take the cash from redundancy and setup a business which should drive economic growth.

FF are not capable of running this country. The game is up. Remove them now.

[cd27]

I see things going one of two ways in the autumn,

1. Cowen & co engineer a coward's exit from government,
2. Cowen steps up to the plate to become a man of history and strong resolve totally breaking with his past,

Snipping around the edges Liberty in Ireland

bets, anyone?

[Wakeupcall]

I read in a few places that bringing social welfare down (more than 5% id imagine) would bring a lot of the other high costs in the enconomy down.

Is that not what we need?

[Harmonica]

Cowen says cuts won't be made til next year so I suppose that makes them even longer term changes.

8 months to compile the report & at least 6 months thinking about it. Got some mighty leaders runninger out country.

[feargach]

This is why, given that the cash will run out by xmas, there will be real spending cuts in ...

Er, that is ludicrous. Markets everywhere are upturning. The chances of any cash running out are vanishingly small.

[bobbysands81]

Is it just me or do most of the Bord Snip report's savings amount to long-term savings, e.g. cutting staff numbers?

Even if they cut all the staff tomorrow those savings would not be achieved for years.

This is why, given that the cash will run out by xmas, there will be real spending cuts in wages and social welfare as the State is bankrupt. They are struggling to borrow the massive amounts they are borrowing and these borrowings are only being achieved because ECB stepped in.

The report is side-show. We have no government, cowards all.

You're right... and that is precisely the reason why the pension levy and income levies were brought in because they knew that An Bord Snip will provide huge savings but over time.

[cd27]

I didn't mean cash literally running out, I meant that bond holders will cut us off, the government is already struggling to borrow the amount it is at ludicrously high interest rates...the only reason the plug already hasn't been pulled is because the ECB stepped in

[Conor]

I didn't mean cash literally running out, I meant that bond holders will cut us off, the government is already struggling to borrow the amount it is at ludicrously high interest rates...the only reason the plug already hasn't been pulled is because the ECB stepped in

What exactly do you mean "the ECB stepped in"? They aren't doing for Ireland in particular.