SINDO - Will government survive budget vote?

[lostexpectation]

didn't they write the same article last week?

[Rocky]

I simply do not believe that they will pass the budget that has been rumoured. I think many will find the cuts and added taxes too much to bear. Then they will take their own political survival into account.

Cowen has already pretty much said that they won't. They will contiune to just increase Ireland's massive debt.

[drbob1972]

didn't they write the same article last week?

all part of INM's cost cutting efforts, reuse the same material several times over, given that the majority of indo readers are not the sharpest knives in the draw they generally get away with it.....

[BodyofEvidence]

The politics will dictate the economics here : the govt will not cut deeply into the structural deficit (that's circa 9% GDP - see The Irish Economy Blog Archive The Structural Deficit ) and will punt the ball forward in time. Less pain today means more pain tomorrow and tomorrow and ...

[turdsl]

Stephen Collins says rates or property tax will be brought back not just on big houses
but on all houses.

[dennehym]

The engineer in me knows that a three point support is better - no matter how uneven the ground is a three legged stool will never wobble - for this reason the moon landers were tripods.

Erm...

Lunar modules had four legs...

[wysiwyg]

Stephen Collins says rates or property tax will be brought back not just on big houses
but on all houses.

I believe that rates are on the way back as well.. but not next week, they will be held off until the usual annual budget in December. To bring back rates next week would consign every single FF councillor to defeat in June. They will get them over the line as best they can, and then royally screw the country to the wall in December. Another reason would be its less likely to get poll tax type rioters in wintertime

[Sandrita]

If they have actually put this budget down on paper and looked at it rather than scribbling it on the back of a beer mat there might be a chance of it passing. We really can't hang around and wait for a general election while we go deeper and deeper into the red. The opposition have been given a chance to put ideas on the table this time round.

At the moment I am really feeling the need to put up and shut up and tighten the belt a bit further (if possible). Failing that I'll go to bed and cover my head and won't get up til monday

[BodyofEvidence]

We need to cut something like 6-9b out of the deficit (9% gdp as structural deficit = c 15b, so cut at least half in the first year then half the remainder then half that and the remainder in yar 4). Anybody here think that they will do that?

[Sandrita]

We need to cut something like 6-9b out of the deficit (9% gdp as structural deficit = c 15b, so cut at least half in the first year then half the remainder then half that and the remainder in yar 4). Anybody here think that they will do that?

they don't have much choice