It seems as if Brian Lenihan wants to be remembered in the same breath as that of Ernest Blythe the Cumann na Gaeldhael Minister of Finance who cut a shilling in the pound (5% for those of you old money illiterates) off pensions in 1924. FG was dogged with this election after election for decades.
According to the SBP the Cabinet considered this as an option at last Thursday's meeting. Seems like electoral suicide to me as virtually all pensioners vote and they will not be turning out for FF if they cut circa €10 from their pensions. Are the government calculating that a 5% across the board cut will result in less anger than bigger cuts in specific programmes such as Child Benefit? I doubt if this will be the case. Although there really is no argument that equity demands that pensions have to take a hit in some fashion - political expediency dictates otherwise when virtually every pensioner votes in what will almost certainly be a general election year in 2011.
Benefits in line of fire as budget talks heat up | The Post