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Gov. Borrowing eek!

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  • 01-12-2008 8:45am
    #1
    silverharp
    Registered Users Posts: 18,391 ✭✭✭✭


    if I caught the headline correctly this morning central gov. borrowing will be 6% this year.

    This is madness , we are at the start of a 10+/- year recession, so projecting this forward we will have a high % of homeowners with negetive equity, gov borrowing above 100%, a bankrupt banking system, and pension schemes that are worthless. Meanwhile I have seen nothing other then its business as usual at the various vampiresque organisations that proliferate here.

    Its time to put a gun to the heads of the civil service/heath service etc. to breakup the cushy little monoplies / work practices and T&C that they all enjoy

    A belief in gender identity involves a level of faith as there is nothing tangible to prove its existence which, as something divorced from the physical body, is similar to the idea of a soul. - Colette Colfer



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    #2
    Devious
    Registered Users Posts: 547 ✭✭✭Devious


    Unfortunately the weak and cowardly government we have at the minute will never stand up and take the necessary action. Fine Gael are only talking about a pay "freeze" in the public sector. Not good enough, folks. Not by a long shot.


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    #3
    silverharp
    Registered Users Posts: 18,391 ✭✭✭✭silverharp


    was listening to Mary Hanifan on the RTE 1pm news disussing the state of defined benefit schemes, I dont know which was worse, expecting the gov. to do something about it which obviously they cant or listening to her saying that the market will come back and is only concerned about people coming up to retirement, that puts her up there with bertie telling everyone not to worry about the property market a few years back , does anyone actually still listen to these clowns?

    A belief in gender identity involves a level of faith as there is nothing tangible to prove its existence which, as something divorced from the physical body, is similar to the idea of a soul. - Colette Colfer



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    #4
    gurramok
    Closed Accounts Posts: 13,992 ✭✭✭✭gurramok


    Some commentators reckon it will be 9% next year, 3 times what the EU allow. Thats 15bn in deficit next year alone to pay for the public sector.


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