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economic model of government to get us out of this mess

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  • 27-01-2010 1:13am
    #1
    smegmar
    Registered Users Posts: 795 ✭✭✭


    in terms of how a government spends money available to it, to opposite ideas have come about.

    1) Conservatism: Where the government will spend very little money on services giving more control to private firms however it will also reduce tax percentages.

    2) Tax and Spend obviously the opposite, where a government takes control of a vast number of things spending money on public services, while increasing tax to pay for it.


    Now my question is, what system do you think will get Ireland out of the debt problem it is in today, taxing less but doing much less or spending on many projects and taxing us for it


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    #2
    Celly Smunt
    Banned (with Prison Access) Posts: 9,464 ✭✭✭Celly Smunt


    smegmar wrote: »
    in terms of how a government spends money available to it, to opposite ideas have come about.

    1) Conservatism: Where the government will spend very little money on services giving more control to private firms however it will also reduce tax percentages.

    2) Tax and Spend obviously the opposite, where a government takes control of a vast number of things spending money on public services, while increasing tax to pay for it.


    Now my question is, what system do you think will get Ireland out of the debt problem it is in today, taxing less but doing much less or spending on many projects and taxing us for it
    as long as i don't see number 1 fully introduced i'll be happy.


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    #3
    theboss80
    Registered Users Posts: 1,838 ✭✭✭theboss80


    eh is this suposed to be in after hours?


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    #4
    Sharpshooter
    Registered Users Posts: 31,859 ✭✭✭✭Sharpshooter


    Moved from After Hours.

    If I have moved it to the wrong forum, apologies.


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    #5
    ei.sdraob
    Closed Accounts Posts: 9,376 ✭✭✭ei.sdraob


    smegmar wrote: »
    in terms of how a government spends money available to it, to opposite ideas have come about.

    1) Conservatism: Where the government will spend very little money on services giving more control to private firms however it will also reduce tax percentages.

    2) Tax and Spend obviously the opposite, where a government takes control of a vast number of things spending money on public services, while increasing tax to pay for it.


    Now my question is, what system do you think will get Ireland out of the debt problem it is in today, taxing less but doing much less or spending on many projects and taxing us for it

    you just somewhat described Austrian (#1) and Keynesian (#2) economic approaches

    were pursuing (being dragged) to the Austrian model (tho we also have the worst parts of #2), simply because we are so deep in **** theres no money to attempt a Keynesian approach (like US and UK) we decided to have stimuluses during a boom and have no money left in piggybanks

    and were tied to euro which is run by conservative (and thankfully sensible) europeans


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    #6
    Permabear
    Closed Accounts Posts: 39,022 ✭✭✭✭Permabear


    This post has been deleted.


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    #7
    ei.sdraob
    Closed Accounts Posts: 9,376 ✭✭✭ei.sdraob


    donegalfella wrote: »
    This post has been deleted.

    well put

    some people (David McW) think that by leaving euro we can somehow walk away from all the debt, never mind that no one would lend to us for few years if we default (as has happened to other coutries who did so) and with no debt money coming in the welfare and PS costs would be addressed very sharply and very quickly (ie. a huge overnight cut to balance the books) or/and these people would be paid in a "zimdollar" type currency

    and by having own currency we can just print more money, ignoring the fact that we are not US (reserve currency) or UK (larger more self sufficient economy)


    i think @donegalfella would agree that the best model of government to get us out of this mess would be for them to stop mucking around so much (NAMA ahem) in economy and to concentrate on their jobs and let the markets sort it out


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