A Short Sharp Shock

andrew cross

ei.sdraob wrote: »

One just has to look at Iceland

they had a very quick and very sharp shock, but at least most of the things are behind them now

and as added bonus the government was replaced (imagine that!), people responsible are facing the law (imagine that too!), and a full investigation was taken quickly (we still dont know how bad the banks are).

our td pocket 2.3 millon expenses during their summer holidays, these blood suckersdo not know the meaning of sacrifice, they preach to us about economic pain but do they suffer???? like f*ck , they tell us about cutbacks, but they get their vouched and unvouched expenses , then we have lenihan and gormley wanting national goverment, its really good of you to tell us that now after your 12 weeks holidays youse ar a slimey bunch of money grabbing sh*ts :mad:

ei.sdraob

xavidub wrote: »

We need a balance of both. And I don't agree with bailing out the banks at all.

FYI 50 billion is how much we borrowed this year and last year to cover our deficit due to runaway welfare and public bills, banks are only one large problem in basket full of them

rumour

ardmacha wrote: »

It is quite proper that public and private sector wages are moving in step.

This is the core fundamental flaw in your analysis of how we rectify our problem. What is proper to one man may not be proper for another.

If for example I pay my taxes and have nothing left for a pension is it quite proper that you take my money to pay your pension?

Additionally what the state has the ability to raise set against what the economy is able to generate is linked, however I see no link between pay in the private sector to pay in the public sector in any pragmatic analysis.

Linking public sector pay to private sector pay is an incorrect means of establishing what we as a country can afford in my opinion. Government income is a direct function of private sector profitability (ability to make profit from trade with foreigners). What the individual in the private sector gets paid does not corellate with what the government can afford. Therefore what the public sector individual gets paid is not related either.

What the public sector employee earns is a societal question that can be answered after we establish what we can afford. To do so the other way around is flawed and becomes circular. I think that is all to evident now.

A basic rule....

money in = money out....

why not embrace the horror? it's coming at you with increased inevitability.

What the individual public sector employee gets paid largely i care not, they can divvy it up as they see fit.

However if they do not preform the task they are challenged with they need to be fired. Job security has been an experiment that has failed the state entirely.

Why do i include the last bit because it is via private sector tax that the government finances itself, I am a member of the private sector it is my money you are asking for. If you think it is your entitlement as is what happens when you provide job security, I suggest you will be re-educated in the coming months.

The alternative is of course to borrow provided someone will give it to you.

pavb2

Rates on houses (property tax taboo subject?) hasn't been mentioned.

I for one would take cuts in child benefit etc if I thought it would be for the greater good but the cynic/realist in me thinks why should I be prepared to suffer and do this to sustain/prop up wholly inefficient systems and organisations that are, have been and will continue to haemorrage money HSE,FAS,TD's,

feel free to add to list.