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Could The IMF Do A Better Job?

senordingdong · 2010-10-11 07:23:19

http://new.breakingnews.ie/ireland/imf-taking-control-would-cause-untold-social-harm-warns-economist-477127.html Does anybody else think that the IMF would do a better job of sorting the countries finances out? I'm inclined to think that they would as they would have a better unbiased opinion on what to do. And we can all…

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#32 12-10-2010 08:59AM

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senordingdong wrote: »

But everyone agress that the gvt. won't make the cuts where there is plenty of money to spare, but will isntead target public spending which is already in need of a huge overhaul.

We need to go back to the begining and start from scratch.

I totaly agree that the govt needs to cut waste (quangos & excessive salaries) and collect fair taxes (far too many loopholes), but the IMF are not interested in how the savings are made - they'll just want the money.

An additional higher rate of tax and cutting things like rent allowance which were set in the tiger days would make signifigant savings.

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