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Thread: Up to €2billion to be cut from Social Welfare: Times

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    Politics.ie Member gijoe's Avatar
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    Default Up to €2billion to be cut from Social Welfare: Times

    A spokesman for the Minister said last night there are no imminent plans for a voluntary redundancy programme. It has also been suggested that the social welfare budget – which accounts for one-third of overall current spending – could be cut by up to €2 billion in the budget.
    Cabinet meets to decide range and extent of budget cuts - The Irish Times - Mon, Oct 25, 2010
    That would be the equivalent of a 10% cut across all programmes and benefits and Social Welfare was singled out by Barry Andrews for severe cuts on The Week In Politics which lends credence to this story. But as it is unlilkely to be applied that way I assume some payments/benefits are for the chop, means testing brought in a number of the freebies like the TV licence, travel etc as well some across the board cuts of maybe 10% in Unemployment payments, circa €20/week, and 5% in pensions, circa €11/week. The one hit I can definitely see happening with a circa €2billion cut is the additional €37/month child benefit for the 3rd and subsequent child.

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    Politics.ie Member seanmacc's Avatar
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    Taking 2billion out of the economy and in particular off the people that need it most will just lead to more unemployment. Its not as if there are any jobs out there.

    Its not sustainable to keep deflating the economy like this or we will NEVER recover.

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    Quote Originally Posted by gijoe View Post
    That would be the equivalent of a 10% cut across all programmes and benefits and Social Welfare was singled out by Barry Andrews for severe cuts on The Week In Politics which lends credence to this story. But as it is unlilkely to be applied that way I assume some payments/benefits are for the chop, means testing brought in a number of the freebies like the TV licence, travel etc as well some across the board cuts of maybe 10% in Unemployment payments, circa €20/week, and 5% in pensions, circa €11/week. The one hit I can definitely see happening with a circa €2billion cut is the additional €37/month child benefit for the 3rd and subsequent child.
    It means people will have no choice but to turn to the black economy just to survive.

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    Politics.ie Member justme1's Avatar
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    The budgets that have taken place recently have been cuts cuts and more cuts,and they have done wonder's for the ecomomy..
    Thankfully they (Our Dear leaders) have learned from this and we are cutting more which will improve the economy even more..
    There seems to be an Elephant in the room here folks,public sector pay and pensions,if these go untouched in the forthcoming budget by a party/ies (who should never be let near office again) and money is only taken from the poor and the middle class well then i reckon we should..................
    Find a Job you love,and you will never work a day in your life

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    Quote Originally Posted by justme1 View Post
    well then i reckon we should..................
    write a strongly worded letter??

    Hopefully with the continued disappearance of a middle class strongly worded letters could be a thing of the past.

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    Politics.ie Member FutureTaoiseach's Avatar
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    Quote Originally Posted by seanmacc View Post
    Taking 2billion out of the economy and in particular off the people that need it most will just lead to more unemployment. Its not as if there are any jobs out there.

    Its not sustainable to keep deflating the economy like this or we will NEVER recover.
    In the present circumstances, they are more likely to save than spend it so the effect may not be as you imply. Furthermore, more will be taken out of the economy if we don't convince the bond-markets that we are taking the deficit seriously. We are borrowing every penny of the €20 billion social-welfare budget. It's the bond-markets that are paying the social-welfare. To refuse to cut it is to fly in the face of this reality. We are borrowing 12% of the size of the entire economy, and 2/3rds of the govt's estimated tax-revenues of €31 billion for this year. It just isn't sustainable. Nor is is possible if the bond-markets refuse to buy our debts.

    The cuts are coming one way or the other. Better to cut them gradually over a couple of years than find the bond-markets won't buy our debt in which case the social-welfare budget will have to be cancelled altogether....

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    Who could believe that Fianna Fail could destroy and shame our people in such a short time. No party since we got our independence has left its people so broken.

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    Politics.ie Member FutureTaoiseach's Avatar
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    Quote Originally Posted by turdsl View Post
    Who could believe that Fianna Fail
    And the ECB.

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    Politics.ie Member flavirostris's Avatar
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    Quote Originally Posted by turdsl View Post
    Who could believe that Fianna Fail could destroy and shame our people in such a short time. No party since we got our independence has left its people so broken.
    Anybody who has an idea of their track record..The problem is that the electorate forgot their previous bankrupting of the state (77 -81). They always have been and always will be a profligate, fiscally illiterate party, only concerned with attaining and holding on to power at any cost.
    "Criticising the EU in Ireland in the 2010's is like criticising the Catholic Church in the 1950s. You run the risk of being lynched by brainwashed fanatics." - Volatire

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    Politics.ie Member LongShanks's Avatar
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    Quote Originally Posted by justme1 View Post
    There seems to be an Elephant in the room here folks,public sector pay and pensions,if these go untouched in the forthcoming budget by a party/ies (who should never be let near office again) and money is only taken from the poor and the middle class well then i reckon we should..................
    The elephant in the room seems to be untypical in that it has forgotten about two pay cuts already in the PS.
    "every saint and sinner in the history of our species lived there – on a mote of dust suspended in a sunbeam.” -Carl Sagan, Pale Blue Dot

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