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Thread: With Inflation rising how can the government justify cuts in the Budget?

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    Default With Inflation rising how can the government justify cuts in the Budget?

    With Inflation rising for the first time since 2008 how can the government justify cuts in the 2011 budget?

    PReviously the government used the defation excuse to cut incomes from welfare or wages.

    The goverment would have use believe that as things were getting cheaper we could all afford to take a hit. But now the shoe is on the other foot, how can we take cuts if things are getting dearer?

    How can they justify cuts?

    First yearly rise in inflation since 2008


    New figures show that consumer prices rose by 0.2% in August compared to the same time last year - the first annual rise since December 2008.
    The Central Statistics Office says that consumer prices rose by 0.7% in August compared to July.
    The CSO says that during the month people paid higher average mortgage interest repayments, while the prices of clothing and footwear also rose as the traditional summer sales ended.
    RTÉ News: First yearly rise in inflation since 2008

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    Quote Originally Posted by Bi ciuin View Post
    With Inflation rising for the first time since 2008 how can the government justify cuts in the 2011 budget?


    That said a blanket cut would just be lazy. It should be targeted but that would force some lateral thinking.

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    Fairness....Keynes.....Stimulus....something about taxing the rich...oil and gas off Mayo.

    I'm trying to predict the remainder of the OPs argument.

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    Quote Originally Posted by hmmm View Post
    Fairness....Keynes.....Stimulus....something about taxing the rich...oil and gas off Mayo.

    I'm trying to predict the remainder of the OPs argument.
    Irrespective of your lack of psychic ability, it is clear FF do not understand basic economic concepts, such as the difference between deflation and inflation.
    Fianna Fail - The Anti Democratic Party & The Anti Constitutional Party. Traitors of Irishmen and Irishwomen.

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    Politics.ie Member Squire Allworthy's Avatar
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    Government spending has to be brought back under control or taxes have to increase or a combination of both. Take your pick.

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    Politics.ie Member Ulster-Lad's Avatar
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    and the interest rates will rise
    ‘The Great only appear great because we are on our knees: Let Us Rise!’ “ (James Larkin)

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    Quote Originally Posted by Squire Allworthy View Post
    Government spending has to be brought back under control or taxes have to increase or a combination of both. Take your pick.
    But if you name is, NAMA, ANGLO,AIB, or BOI etc......


    Then its Spend, Spend Spend with no limits!


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    cos we're broke, ffs how hard is it to understand ?

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    With National Debt rising how can the government not introduce huge cuts in the Budget?

    Of course, being FF, they will not cut government costs. Much easier targets than Quango's

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    Simple, €50b out, €30b in, €2-3b per annum in welfare fraud

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