€6,000,000,000.00 in Budget cuts tba today

Morlar

Just a few years ago there was a controversy over the govt not being able to find 10 million euro for a cervical cancer vaccine programme.

Then a couple of months ago the govt announced they were shaving €3BN in savings in this years budget.

Today it's expected (read leaked to journalists) they will announce this figure has DOUBLED in 2 months - that they now need to save €6,000,000,000.00 - 6 BILLION euros in the dec 7th 2010 budget.

http://breakingnews.ie/ireland/government-expected-to-announce-6bn-budget-cuts-today-480361.html

04/11/2010 - 07:27:07
The Government will announce later that €6bn in cuts and tax hikes are needed in December's Budget.

Just a few months ago, the Government was preparing the public for cuts of €3bn.

But the economic crisis for the country has now worsened to the extent that the Cabinet believes the figure needs to be doubled, making it the biggest budget correction in the history of the state.

Growth prospects for 2011 are expected to be minimal, and the Government be revealing those figures today also.

The Government hopes that by making the correction of €6bn now, and another €9bn over the following three years, it will be enough to calm the international markets.

Read more: http://breakingnews.ie/ireland/government-expected-to-announce-6bn-budget-cuts-today-480361.html#ixzz14Jm2GHVl

Anyone any ideas on where they can magic the €6BN from in the coming budget ?

Ah they're just announcing the figure? I thought it was gonna be something meatier, like a overview of their plans. :-/

Celly Smunt

ask somebody to press the magic button that puts us back to zero

Rabies

Morlar wrote: »

Anyone any ideas on where they can magic the €6BN from in the coming budget ?

Same way the banks magically made loads of money and you guys paid for it in the end.

You're gonna pay for this too.

Buckle up, gonna be a bumpy ride.

Wile E. Coyote

They've leaked this to get everyone worrying so when they come along next month and announce that they're only (:rolleyes:) cutting 3 billion all the gullable people will say 'that wasn't too bad'.

Sean Quagmire

We need six of these http://www.woosk.com/wp-content/uploads/2009/01/billion.jpg

Biggins

Rabies wrote: »

Buckle up, gonna be a bumpy ride.

Up to now its been a bumpy ride.
The next ride after the details are announced in the Budget, will be like trying stay riding a lunatic, raving, erratic bullock!

orourkeda

Nice round number.

Duggy747

Biggins wrote: »

Up to now its been a bumpy ride.
The next ride after the details are announced in the Budget, will be like trying stay riding a lunatic, raving, erratic bullock!

Gonna need some rope then to keep us on....

HavingCrack

Let's just print €6 billion in fresh notes, sure what's wrong with a little inflation

Pherekydes

Morlar wrote: »

Anyone any ideas on where they can magic the €6BN from in the coming budget ?

The same place they'll magic the real figure.

€6bn is just getting warm...

Rabies

Biggins wrote: »

Up to now its been a bumpy ride.
The next ride after the details are announced in the Budget, will be like trying stay riding a lunatic, raving, erratic bullock!

That is where the clown comes in, helps to distract the rage

Plug

Income tax up, dole down, ministers salerys untouched.

iamstop

Why don't they sell the oil off the west coast? Oh wait, they GAVE it away already.

Biggins

Rabies wrote: »

That is where the clown comes in, helps to distract the rage

Well there will be a lot of unemployed clowns on the FF side after the next general election so there should be no problem filling that vacancy! :pac:

Cookie_Monster

they're only cutting 6, they really need about 15 but are too busy pussyfooting around the place to do it.

longhalloween

pmcmahon wrote: »

ask somebody to press the magic button that puts us back to zero

'Hello IT, have you tried turning it off and on again?'

Wibbs

orourkeda wrote: »

Nice round number.

Which going by previous figures trotted out during this crisis will go up.

seamus

10% off social welfare, 10% drop in public sector wages, abolish the PAYE tax credit.

Boom, there's €6bn right there.

Who's got the lube?

tommy21

I hope they won't cut my cheque time

Biggins

seamus wrote: »

Who's got the lube?

I had it last night.

I passed it on to Cowen.
The last I saw of him, he disappearing into a closet with Bertie.

Morlar

tommy21 wrote: »

I hope they won't cut my cheque time

A lot of people won't be needing that where they are going.

The_Minister

This is going to be painful, but at least we might finally get the public sector reforms we have desperately needed for so long...



...oh wait no.

Degsy

seamus wrote: »

10% off social welfare, 10% drop in public sector wages, abolish the PAYE tax credit.

Boom, there's €6bn right there.

Who's got the lube?

Increase income tax across the board,cancel overseas aid,half social welfare and withdraw funding from Anglo..thats about 20 billion right there.

gurramok

I just wonder how they will find 6bn considering public sector pay cannot be touched. A VR scheme would be a drop in the ocean on that 6bn?.

The only other areas to cut back are welfare and capital spending, unless they are planning stringent tax hikes like the 80s. :eek:

cynder

Cut their own wages by 100%

They shouldn't get paid to run a country into the ground, they should do it for free.

Morlar

Degsy wrote: »

Increase income tax across the board,cancel overseas aid,half social welfare and withdraw funding from Anglo..thats about 20 billion right there.

Say **** you to the eu and cut anglo loose.
+1

Increase the VAT on petrol to about €240 per litre.*
Give every paye worker in the country a bill for €6,000.00 pa.














*figure out of thin air

Celly Smunt

grindelwald wrote: »

Cut their own wages by 100%

They shouldn't get paid to run a country into the ground, they should do it for free.

yes,lets have no government!

Wibbs

Degsy wrote: »

Increase income tax across the board,cancel overseas aid,half social welfare and withdraw funding from Anglo..thats about 20 billion right there.

The overseas aid should go first. I mean what the hell are we doing giving away borrowed money for?

Degsy

Wibbs wrote: »

The overseas aid should go first. I mean what the hell are we doing giving away borrowed money for?

670 million per year of borrowed money.

johngalway

Wibbs wrote: »

The overseas aid should go first. I mean what the hell are we doing giving away borrowed money for?

From Charlie Wilsons War.

Joanne Herring: Why is Congress saying one thing and doing nothing?
Charlie Wilson: Well, tradition mostly.

And that is exactly the answer the Minister for Overseas whatyamacallit said on radio on Wednesday (think it was Wednesday anyway).

Children are starving in other countries but not in Ireland!

So, we're gonna keep giving away money until that process is reversed. Progress yanno.

average_runner

Will cut over sea's aid.
Raise car tax on older car's, be a new green policy.
Cut capital expenditure.
Widen the tax net and increase all rates by 1-2%
Whatever service is free in ireland you will be charged for now.
Tax your farts also, a new green policy!!

jester77

We'll be grand, the government have it sorted

Degsy

johngalway wrote: »

From Charlie Wilsons War.

Joanne Herring: Why is Congress saying one thing and doing nothing?
Charlie Wilson: Well, tradition mostly.

And that is exactly the answer the Minister for Overseas whatyamacallit said on radio on Wednesday (think it was Wednesday anyway).

Children are starving in other countries but not in Ireland!

So, we're gonna keep giving away money until that process is reversed. Progress yanno.

Dont be so cynical..maybe the various governments in Africa will host an open air concert to end the recession here in Ireland.

The african Bono can sing:

"And the wont be sun in Ireland this christmas"

seamus

seamus wrote: »

10% off social welfare, 10% drop in public sector wages, abolish the PAYE tax credit.

Boom, there's €6bn right there.

Who's got the lube?

Would that be €6bn? Doesn't seem too bad.

gonedrinking

iamstop wrote: »

Why don't they sell the oil off the west coast? Oh wait, they GAVE it away already.

what about providence resources announcement this week about their find off the east coast, although we probably won't see any benefits of that until the next boom

Biggins

Deleted User wrote: »

Would that be €6bn? Doesn't seem too bad.

You say that now, just wait till the pain hits you! :pac:

Degsy

average_runner wrote: »

Whatever service is free in ireland you will be charged for now.

What service was ever free here except maybe the Prison service?

Morlar

average_runner wrote: »

Will cut over sea's aid.
Raise car tax on older car's, be a new green policy.
Cut capital expenditure.
Widen the tax net and increase all rates by 1-2%
Whatever service is free in ireland you will be charged for now.
Tax your farts also, a new green policy!!

Typical green. Cos those are the people who can most afford it right now - yep ?

Degsy

I bet a pound to a pinch of pigshiit the Govt will offer some "incentive" for people to buy houses...they just wont let go will they.

average_runner

Morlar wrote: »

Typical green. Cos those are the people who can most afford it right now - yep ?

Note I am not a green party supporter!! But any new taxes that will come in, will be said its for the environment!!

johngalway

Degsy wrote: »

Dont be so cynical..maybe the various governments in Africa will host an open air concert to end the recession here in Ireland.

The african Bono can sing:

"And the wont be sun in Ireland this christmas"

But.. but... but how can they afford concerts when they're buying fighter planes with our development money?

Though you've given me an idea, we can sell Bono!

Wile E. Coyote

Degsy wrote: »

The african Bono can sing:

"And the wont be money in Ireland this christmas"

Fixed that for you...;)

cynder

http://www.youtube.com/watch?v=3zJkdJ2I58o


will be playing this on budget day.

ottostreet

average_runner wrote: »

Will cut over sea's aid.
Raise car tax on older car's, be a new green policy.
Cut capital expenditure.
Widen the tax net and increase all rates by 1-2%
Whatever service is free in ireland you will be charged for now.
Tax your farts also, a new green policy!!

you mean raise tax on NEW cars yeah?

gonedrinking

Degsy wrote: »

I bet a pound to a pinch of pigshiit the Govt will offer some "incentive" for people to buy houses...they just wont let to will they.

if NAMA introduced a rent to buy scheme with reasonable, sensible terms (unlike the laughable terms offered by developers in recent years) then that would be one way to get all these unperforming loans back in shape

Gurgle

Degsy wrote: »

I bet a pound to a pinch of pigshiit the Govt will offer some "incentive" for people to buy houses...they just wont let go will they.

tbh, that would be a much better boost to the economy than an incentive to buy new cars manufacturered everywhere but here.

pauldry

I think youre being unfair on the government. They have a tough job to do and are taking difficult and unavoidable decisions.

average_runner

ottostreet wrote: »

you mean raise tax on NEW cars yeah?

No i mean on old cars, ie the car tax.

People wont be able to affford new cars.

Also new cars are greener so cant tax them

Celly Smunt

ottostreet wrote: »

you mean raise tax on NEW cars yeah?

no! that would mean that somebody who bought a new car might not be able to buy a nice pair of sunglasses to go with it,have you got any heart?

Celly Smunt

pauldry wrote: »

I think youre being unfair on the government. They have a tough job to do and are taking difficult and unavoidable decisions.

they were avoidable at one stage,that's the problem.