Follow @PoliticsIE
 
 
 
Page 1 of 4 1234 LastLast
Results 1 to 10 of 35

Thread: Pension Fund now spent??

  1. #1
    Politics.ie Member Ulster-Lad's Avatar
    Join Date
    Oct 2006
    Location
    Dún na nGall
    Posts
    10,090
    Mentioned
    0 Post(s)

    Default Pension Fund now spent??

    Finance Minister Brian Lenihan will use a €20bn cash pile to stave off a Greek-style rescue, as the Government taps the funds to avoid paying record rates to borrow.
    Government to use cash pile to avoid record borrowing rates - Irish, Business - Independent.ie

    The article does NOT say where the money came from. Has the pension fund now been spent? I was not aware the government had an extra 20 Billion Euro laying about.

    Also Lenihan is to go to America to seek investment in Ireland.
    ‘The Great only appear great because we are on our knees: Let Us Rise!’ “ (James Larkin)

  2. #2
    Moderator Conor's Avatar
    Join Date
    Apr 2004
    Location
    We are where we are
    Posts
    5,251
    Mentioned
    0 Post(s)

    Default

    Quote Originally Posted by Ulster-Lad View Post
    I was not aware the government had an extra 20 Billion Euro laying about.
    Did you check?
    Nothing will motivate the lazy / apathetic / Americanised / west-British types to embrace their culture and the Irish language.

  3. #3

    Default

    Thank god for FF. Where would we be without them?
    Fianna Fail - The Anti Democratic Party & The Anti Constitutional Party. Traitors of Irishmen and Irishwomen.

  4. #4
    Politics.ie Member Ulster-Lad's Avatar
    Join Date
    Oct 2006
    Location
    Dún na nGall
    Posts
    10,090
    Mentioned
    0 Post(s)

    Default

    Quote Originally Posted by Conor View Post
    Did you check?
    If they had why all the bond auctions?
    ‘The Great only appear great because we are on our knees: Let Us Rise!’ “ (James Larkin)

  5. #5
    GDPR Deleted
    Join Date
    Jul 2008
    Posts
    103,633
    Mentioned
    0 Post(s)

    Default

    Quote Originally Posted by Ulster-Lad View Post
    If they had why all the bond auctions?
    You know all the lads here who keep telling us how large the national debt is?

    Well, this is part of the stuff they never mention, the cash pile and the pension fund.

    I don't know why they never mention it, maybe they just forget or maybe they don't know about it to begin with.
    It's really hard to say, isn't it?

  6. #6
    Politics.ie Member Chrisco's Avatar
    Join Date
    Jan 2008
    Location
    London
    Posts
    3,824
    Mentioned
    0 Post(s)

    Default

    Quote Originally Posted by tonic View Post
    You know all the lads here who keep telling us how large the national debt is?

    Well, this is part of the stuff they never mention, the cash pile and the pension fund.

    I don't know why they never mention it, maybe they just forget or maybe they don't know about it to begin with.
    It's really hard to say, isn't it?
    I do hope you are not seriously suggesting, tonic old boy, that we use the pension reserve fund to pay off the debt?

  7. #7
    Politics.ie Newbie
    Join Date
    Feb 2010
    Posts
    36
    Mentioned
    0 Post(s)

    Default

    Quote Originally Posted by tonic View Post
    You know all the lads here who keep telling us how large the national debt is?

    Well, this is part of the stuff they never mention, the cash pile and the pension fund.

    I don't know why they never mention it, maybe they just forget or maybe they don't know about it to begin with.
    It's really hard to say, isn't it?
    The national debt is always quoted Net of any cash pile.

    So, even though we won't borrowing any more money over the next few months, our national debt will contiue to rise, as we spend down the cash pile.

  8. #8
    Ex Member
    Join Date
    Sep 2008
    Location
    Around the Corner everyone has turned
    Posts
    3,586
    Mentioned
    0 Post(s)

    Default

    Quote Originally Posted by Ulster-Lad View Post
    Government to use cash pile to avoid record borrowing rates - Irish, Business - Independent.ie

    The article does NOT say where the money came from. Has the pension fund now been spent? I was not aware the government had an extra 20 Billion Euro laying about.

    Also Lenihan is to go to America to seek investment in Ireland.

    But what about the Jobs Mary waa going to get us in America? What about the jobs from Europe we were promised by voting yes?


    FG and Labour should issue a joint press statement stating they will have nothing to do with the Greens and FF and should they want their ideas for the budget then call a GE.

    They should also thorugh into the statement that FF and the Greens are destroying this country and will plunge Ireland into poverty and ruin for years.

  9. #9
    GDPR Deleted
    Join Date
    Jul 2008
    Posts
    103,633
    Mentioned
    0 Post(s)

    Default

    Quote Originally Posted by makingjam View Post
    The national debt is always quoted Net of any cash pile.
    No it isn't.

  10. #10
    Politics.ie Member
    Join Date
    May 2009
    Location
    heart of Europe
    Posts
    5,897
    Mentioned
    0 Post(s)

    Default

    Quote Originally Posted by tonic View Post
    You know all the lads here who keep telling us how large the national debt is?

    Well, this is part of the stuff they never mention, the cash pile and the pension fund.

    I don't know why they never mention it, maybe they just forget or maybe they don't know about it to begin with.
    It's really hard to say, isn't it?
    So why bother with the Pension pretence, it is just a slush fund?

    The National Pensions Reserve Fund was established in 2001 to meet as much as possible of the costs of Ireland’s social welfare and public service pensions from 2025 until at least 2055.
    http://www.nprf.ie/Publications/2010...essRelease.pdf
    We have turned the corner.I commend this Budget to the House. Brian Lenihan, 9 December 2009

Page 1 of 4 1234 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •