socializing private debt - It's your kids problem

creeper1

Did anyone see this economist talk on Newsnight?

http://www.youtube.com/user/liarpoliticians#p/u/4/G956y8DwhpY

He says that private debt has been dumped on the state - we all know that. However he contends that it will be our children that pay the price for this.

I think that I take another view - we will pay the price, not our children When the bond vigilantes wake up and start driving up interest rates.

ei.sdraob

the children are already paying for it indirectly via money being squandered on paying servicing debt instead of doing something about schools that are too small or falling apart

Permabear

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ei.sdraob

donegalfella wrote: »

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The roof of a local school's prefab blown off in a storm a while back

beat that

oh the place is also used on voting days, the irony

Spudmonkey

ei.sdraob wrote: »

The roof of a local school's prefab blown off in a storm a while back

beat that

oh the place is also used on voting days, the irony

The very fact that prefabs are being used at all is shocking. It shows a real lack of progression over the past 20 years. Seems to be one big black hole.

RichardAnd

donegalfella wrote: »

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Yeah but most teachers seem to think that giving them a payrise is good for childrens' education.

silverharp

youll enjoy this little exchange with Govenor Chris Christie (NJ) and a teacher looking for more money

https://www.youtube.com/watch?v=aw0aBkt8CPA

ei.sdraob

silverharp wrote: »

youll enjoy this little exchange with Govenor Chis Christie (NJ) and a teacher looking for more money

https://www.youtube.com/watch?v=aw0aBkt8CPA

damn why dont we have politicians who are willing to tell things as is

jmayo

Spudmonkey wrote: »

The very fact that prefabs are being used at all is shocking. It shows a real lack of progression over the past 20 years. Seems to be one big black hole.

But you do know that one of the contractors renting, yes renting, prefabs to schools was a supporter of one of our ff leading ministers mr cowen AFAIK.
I will dig out the information, have it somewhere.

ghost_ie

RichardAnd wrote: »

Yeah but most teachers seem to think that giving them a payrise is good for childrens' education.

Why shouldn't they? Most politicians seem to think that giving themselves a payrise is good for everyone else

WalterMitty

donegalfella wrote: »

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remember the teacher on rte radio nearly crying and saying she'd kill herself because the pay cuts meant she couldnt afford to pay for her croatian holiday home! sums up the entitlement culture in much of the pub sector. Let them go to the private sector if they think they are worth more than we the taxpayer can afford to pay them.

Ahem!

Yeah - the cheek of 'em.

I mean why do they deserve a salary at all? It's not like they're doing anything important!

Now speculators, developers and builders providing houses no one needs, now those guys should get meddles really. Not to mention those paens of virtue estate agents, recruitment consultants and accountants. You can just never have too many of those guys. Give yourselves a pat on the back! Heroes one and all!

Just how degenerate are you guys??????

And just why is a legitimate thread about the potential consequences of socialising massive amounts of private debt allowed to go off topic into another anti-teacher rant in the first 3 posts!

Where's the mod?......oh yeah....sorry!!!!

ei.sdraob

Ahem! wrote: »

Yeah - the cheek of 'em.

I mean why do they deserve a salary at all? It's not like they're doing anything important!

Now speculators, developers and builders providing houses no one needs, now those guys should get meddles really. Not to mention those paens of virtue estate agents, recruitment consultants and accountants. You can just never have too many of those guys. Give yourselves a pat on the back! Heroes one and all!

Just how degenerate are you guys??????

oh boy are you about to be sickened

education (and public service and ESB) is THE place to be for making money

The_Honeybadger

ei.sdraob wrote: »

oh boy are you about to be sickened

education (and public service and ESB) is THE place to be for making money

But what about the children!!!

Love the way teachers try to claim that small cuts to their salaries have had a detrimental effect on the poor childrens education. Ahem is correct however that is very OT.

Stark

Ahem! wrote: »

Yeah - the cheek of 'em.

I mean why do they deserve a salary at all? It's not like they're doing anything important!

Now speculators, developers and builders providing houses no one needs, now those guys should get meddles really. Not to mention those paens of virtue estate agents, recruitment consultants and accountants. You can just never have too many of those guys. Give yourselves a pat on the back! Heroes one and all!

Just how degenerate are you guys??????

Well someone has to provide the investment properties for teachers

jmayo

Ahem! wrote: »

Yeah - the cheek of 'em.

I mean why do they deserve a salary at all? It's not like they're doing anything important!

Now speculators, developers and builders providing houses no one needs, now those guys should get meddles really. Not to mention those paens of virtue estate agents, recruitment consultants and accountants. You can just never have too many of those guys. Give yourselves a pat on the back! Heroes one and all!

Just how degenerate are you guys??????

And just why is a legitimate thread about the potential consequences of socialising massive amounts of private debt allowed to go off topic into another anti-teacher rant in the first 3 posts!

Where's the mod?......oh yeah....sorry!!!!

Not everyone in the private sector is in one of the above categories you know.

Some of us actually do jobs that weren't involved in the bubble economy.
Some of us actually work in industries that bring in foreign revenue (and I don't mean borrowings) to the country.

Oh and before you come back that some of us are defending the above gombeens that have managed to offload all their toxic sh**e on the taxpayers of this country, both public sector and private sector, we are most definetly not.

Teachers like most of our public service are overpaid when compared with other comparable western economies.

They have like a lot of other public servants managed to convince many that they are sacrificing themselves in order to provide a huge necessary service to the state.

They see themselves as one of the many sacred cows in our public service.

Tim Robbins

donegalfella wrote: »

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I think I can beat that. There's is a bus steward, the man who tells the buses when to go, just in case they forgot their timetable who last year was driving a 2008 BMW 5 series. Sometimes when I was early for my bus, I watched how hard he worked.

At times people would come up and say things like:
"Why is the bus late?" and he would tell them if he knew.

That was about the extend of it. Presumably, in the public servic model he has responsibility and is just on a nice big salary as a result.

He used to park his car on the footpath. It's quite wide just outside the back of Custom House. So he didn't even have far to travel to it.

Incredible stuff - really. We have the worst public transport in any European city and we have bus stewards driving beamers.

The_Honeybadger

Tim Robbins wrote: »

I think I can beat that. There's is a bus steward, the man who tells the buses when to go, just in case they forgot their timetable who last year was driving a 2008 BMW 5 series. Sometimes when I was early for my bus, I watched how hard he worked.

At times people would come up and say things like:
"Why is the bus late?" and he would tell them if he knew.

That was about the extend of it. Presumably, in the public servic model he has responsibility and is just on a nice big salary as a result.

He used to park his car on the footpath. It's quite wide just outside the back of Custom House. So he didn't even have far to travel to it.

Incredible stuff - really. We have the worst public transport in any European city and we have bus stewards driving beamers.

Perhaps he inherited money or won some in the lotto, or is very careful and wise with the money he has earned, either way I don't think it is right to assume his salary as a bus conductor allows him to drive a car like that.

dunsandin

Sooo, anybody think we are socialising private debt? I do..

Sand

We are socialising a lot of debt.

We are socialising the debt of those who put their money into Irish banks and Irish bank bonds.

We are socialising the debt of those who took the cash when it was flowing, and ducked responsibility when it stopped (Thats you, in case fans of social partnership are reading).

End of the day, theres not much difference between Seanie Fitzpatrick and David Begg or their ilk - theyre all in it for the cash, theyve all got a ready excuse. The only thing thats strange is that some people still look to David Begg for leadership.