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Thread: Public Spending "is out of control" - Senator Sean Barret

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    Default Public Spending "is out of control" - Senator Sean Barret

    A very interesting article in today's Sindo which finally nails the biggest issue facing our Republic - the chronic overspending our Government has been indulging in since the collapse of the bubble tax windfall in 2008.

    Economist warns that public pay is out of control - Independent.ie

    A catastrophic failure to tackle Ireland's "out of control" public spending means it is now a high-tax economy, it has been claimed.

    Despite a budget deficit of €15bn last year, the public pay bill is up to 35 per cent higher than the OECD average and our welfare spend is 29 per cent higher than the average, leading economist and Trinity College senator Sean Barrett has said.


    We ramped up spending when we had the windfall taxes rolling in, but we have not even begun to attempt to get spending back into line with normality in the intervening 5 years - preferring instead to ramp up borrowing by more than €100 Billion, €65 Billion of which was borowed from the Troika.




    "The international comparisons on pay in that report show that Ireland has a high public pay bill," he said. "The OECD average for compensation of employees is 10.8 per cent of GNP and in Ireland it is 14.1 per cent."

    The OECD average - which includes wealthy Countries. We are not a wealthy Country!



    Dr Barrett said that seeking cuts of only €300m from the public sector when total spending amounts to more than €51bn was totally inadequate. He added that the problem "must be confronted".

    "Current expenditure is €51.5bn, from which the Government is looking for €300m in savings," he said. "These savings targets could also have been met had we made across-the-board cuts of 0.58 per cent.

    By any reasonable analysis of the numbers, the overspend on PS pay, perks and pensions is more than €3 Billion a year. Cutting the spend on pay (alone) by €300 million doesn't even begin to address the issue.



    And then there is some gratuitous populist wánk from the FFailures:

    Fianna Fail finance spokesman Michael McGrath said: "Working families have been hammered and they can take no more. The cumulative impact of all the measures introduced since 2008 has put an enormous strain on families, communities and the spirit of the nation. A lot of poverty is under the radar."
    Caused by you FFailure barstards and the economic bubble you blew up until it exploded.
    "Always do right. This will gratify some people and astonish the rest." Mark Twain

    “When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes. Money has no motherland; financiers are without patriotism and without decency; their sole object is gain.” Napoléon Bonaparte

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    Politics.ie Member dresden8's Avatar
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    I remember when FF were the Greens mates. They had a lot of confidence in them.

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    Politics.ie Member Darren J. Prior's Avatar
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    Yes I read that.

    Everyone, in my opinion, in the civil service on €40,000 or more should have their pay reduced to comparable rates for the average OECD levels. Not necessarily strictly in line with them but more comparably. And I do think that welfare has to come down more. I think it may have to be means tested. People living at home with their parents in affluent households should be on considerably less than €188 a week. Many should keep the full amount and some should generally have their welfare increased, broadly whether it be on child benefit and medical card etc. and not on their standard benefit.

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    Politics.ie Member Analyzer's Avatar
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    Time for Gimmemore to put the overpaid professor in his box.

    Maybe they could discuss on Made Marion on Pravda ?
    Coveney's ambition is the be Ireland's next EU Commissar and Ireland will pay a price as he builds his CV to position himself sufficiently loyal to the nEU empire.

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    Politics.ie Member bokuden's Avatar
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    Economist moans about state spending and predicts disaster unless it is slashed. Shock horror. I think economists wages should be slashed until their ridiculous predictions are proven. An utterly useless profession of parasites

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    Quote Originally Posted by SPN View Post
    We are not a wealthy Country!
    We are not a solvent country. But we can afford to needlessly throw moey at wealthy Anglo Bondholders, Montrose Millionaires, useeless fat pensioned k_nts like Cowen, Bertie, the Ponzi Democrats, charities that employ former FFailed ministers, etc...

    The atate in Ireland is still far too expansive. far too large, and far too wasteful.

    .
    Coveney's ambition is the be Ireland's next EU Commissar and Ireland will pay a price as he builds his CV to position himself sufficiently loyal to the nEU empire.

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    Politics.ie Member The Field Marshal's Avatar
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    Quote Originally Posted by bokuden View Post
    Economist moans about state spending and predicts disaster unless it is slashed. Shock horror. I think economists wages should be slashed until their ridiculous predictions are proven. An utterly useless profession of parasites
    Amidst all that rage against economists have you anything to say about the colossal expenditure and borrowing sprees regularly indulged in by quisling Irish govts courtesy of foreign politicians and financiers?

    The proven parasites on this island are not economists but the politicians and large elements of their overpaid public service employee support group.
    Repeal the thirty-fourth amendment of the Irish constitution :
    Children have a basic right to be reared by a mother and a father.

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    Politics.ie Member jackryan's Avatar
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    Nothing stopping him handing back some of the money he gets from the public purse! every little helps!

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    Quote Originally Posted by bokuden View Post
    Economist moans about state spending and predicts disaster unless it is slashed. Shock horror. I think economists wages should be slashed until their ridiculous predictions are proven. An utterly useless profession of parasites
    Talking about burying your head in the sand.
    The difference between libertarians and socialism is that libertarians tolerate socialist communities but socialists can't tolerate a libertarian community – David Boaz

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    Has anyone told us is how much the HRA is supposed to save compared with the (very modest) €500m in CPAII?
    Thank you for the six thousand likes.

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