You have to laugh when you see grown men putting their name to this sort of idiotic codswallop.
Austerity failing to achieve results, Ictu says - The Irish Times - Tue, Oct 30, 2012
We haven't had any "Austerity Measures"!THE AUSTERITY measures being imposed on the country are causing unnecessary suffering and have no purpose because the programme itself is failing, the Irish Congress of Trade Unions (Ictu) has told the European Commission.
In 2009 the Government was overspending by €400 million a week, and today it is overspending by €350 million a week.
That is not Austerity!
The reason the "programme itself is failing" is because there is no programme.
Jobs aren't the problem - there is loads of work out there as needs doing.(David Begg said) Ictu believed jobs were “the central economic objective and that this should be the guiding light on the road back to fiscal prudence rather than the deficit reduction being the main objective”.
Paying the wages of the people who do the jobs is the problem - because "there is no shagging money".
Public unions too stupid or too demented to admit we're broke - Kevin Myers, Columnists - Independent.ie
Because we pissed away that investment on 50,000 a day capacity Motorways on routes that are lucky to see 3,000 vehicles on the average day.(Mr Székely) also asked why previously high levels of infrastructure investment had not led to improved facilities and outcome for Ireland.
And let's not mention the Glass Bottle Site in Ringsend.
And where, pray tell, does ICTU think the Government will be able to find the money to "take a more active role" when it is already close to the end of the €65 Billion it managed to scam from the lenders of last resort, and which it has pissed away on pay perks and pensions for the insiders?(ICTU) would like to see the state taking a more active role both directly and in leading private investment.
What about energy?"(ICTU) do not advocate any large scale projects, but rather set out areas for investment,” he said.
“These include broadband, public transport, water and waste, and health and education.”
Energy is the area that will really bite us on the ass in the next couple of years if we don't get on with rolling out a robust and sustainable energy infrastructure. Dublin's biggest water treatment plant has over 2MW of backup capacity. Dublin's primary sewage treatment plant has over 4MW of backup capacity. All the areas that ICTU highlight for investment require massive amounts of energy to function, yet ICTU blindly ignores the elephant in the room (yet again).
The austerity of the late 1980s and early 1990s was the direct result of the refusal to deal with our economic problems head-on in the late 1970s and early 1980s. By the time they were dealt with (because it was no longer possible to avoid dealing with them) they were so much more costly (in cash terms, and in social terms) and so much more difficult to deal with.(David Begg) said investment in the health sector over recent years, while high, had been insufficient to overcome the damage inflicted by previous austerity in the late 1980s and early 1990s.
Today it looks like we are going to make the same mistakes all over again, and another generation will face the misery that my generation felt in the 1980s.
What an idiotic thing to say.Mr Begg said the risk arising from stimulus was not “leakage to exports from second-round effects” but rather that the money might be saved.
"Growth" comes from the incremental increase in bank lending. Bank lending comes from bank deposits/savings.
Without people saving it will not be possible for the banks to start lending again (notwithstanding the deleveraging process they have to undergo first), but Mr Begg can't join the dots.
So my question to Mr Begg, or any of the apologists for Money Fairy Economics, is "Where will the money come from"?