Ireland "In Receivership"

Freddie59

According to Ruairi Quinn on the Last Word during the week. If this is so, shouldn't the actual owners (IMF) now be able to tear up the ridiculous PS contracts and entitlements?

RickRoll

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Freddie59

RickRoll wrote: »

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Not really.......

Toby Take a Bow

Freddie59 wrote: »

According to Ruairi Quinn on the Last Word during the week. If this is so, shouldn't the actual owners (IMF) now be able to tear up the ridiculous PS contracts and entitlements?

You know the use of the term 'receivership' was a metaphor, right? Ireland isn't a company, despite the annoying use of terms such as 'Ireland, Inc.' that have grown in recent years.

But don't let me stop yet another PS rant.

RickRoll

RickRoll wrote: »

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no thanks

Immaculate Pasta

RickRoll wrote: »

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Do we see your name in bold Mr. I haven't even been here a month?

Wow I can be quite the bitch when I put my mind to it :pac:

For Forks Sake

Freddie59 wrote: »

According to Ruairi Quinn on the Last Word during the week. If this is so, shouldn't the actual owners (IMF) now be able to tear up the ridiculous PS contracts and entitlements?

It's a figure of speech man.......

Freddie59

For Forks Sake wrote: »

It's a figure of speech man.......

It's a fact of life, man. Apparently the Government will spend €1.2Bn on lump sums for retiring PS workers in 2011 and 2012. FFS.:mad:

oppenheimer1

Freddie59 wrote: »

According to Ruairi Quinn on the Last Word during the week. If this is so, shouldn't the actual owners (IMF) now be able to tear up the ridiculous PS contracts and entitlements?

I am sick and tired of Rurai Quinns "In receivership" sound bite.

Auvers

oppenheimer1 wrote: »

I am sick and tired of Rurai Quinns "In receivership" sound bite.

indeed, wonder how long Rurai would last in the private sector on the amount of cash he gets from the tax payer , judging on his performance he and his cohorts would be fired within two months for gross incompetence

Toby Take a Bow

Freddie59 wrote: »

It's a fact of life, man. Apparently the Government will spend €1.2Bn on lump sums for retiring PS workers in 2011 and 2012. FFS.:mad:

Nope, it's a figure of speech. It's like being confused by 'literally' and 'figuratively'.

The_Thing

Freddie59 wrote: »

It's a fact of life, man. Apparently the Government will spend €1.2Bn on lump sums for retiring PS workers in 2011 and 2012. FFS.:mad:

Unlike the case with the bondholders, the Government will know exactly who is getting this €1.2 Billion and at least some of it will be spent in the local economy.

The_Thing

Auvers wrote: »

indeed, wonder how long Rurai would last in the private sector on the amount of cash he gets from the tax payer , judging on his performance he and his cohorts would be fired within two months for gross incompetence

I wouldn't hire him in the first place - He looks like a scum bag's version of Kojak.

woodoo

No

Freddie59

The_Thing wrote: »

Unlike the case with the bondholders, the Government will know exactly who is getting this €1.2 Billion and at least some of it will be spent in the local economy.

The bankrupt Government of a bankrupt State who wish to keep their PS bedfellows in the style to which they have become accustomed is what it is.

It is nuts - plain and simple. If this were the private sector contracts would be null and void. Plain and simple. Cold, hard economics. Something which neither the Government, Civil servants, or the PS unions appear to comprehend.

woodoo

Freddie59 wrote: »

The bankrupt Government of a bankrupt State who wish to keep their PS bedfellows in the style to which they have become accustomed is what it is.

It is nuts - plain and simple. If this were the private sector contracts would be null and void. Plain and simple. Cold, hard economics. Something which neither the Government, Civil servants, or the PS unions appear to comprehend.

I suppose the government know that cutting even 3 billion form the PS isn't going to save the day. Not even close. To save 3 billion from the 15 billion PS paybill they would need to cut gross pay by about 30% to 40%. The 3 billion taken out of the economy would affect VAT returns etc and we would see more job losses. So it may not reduce the deficit by 3 billion. Even if it did the deficiet would still be massive.

It would need to happen with the full cooperation of the PS too and that is just not going to happen. There would be mass protests.

The government know the only solution is reducing the welfare bill and getting people back to work. And getting some agreement of the banking debt.

The PS is not the problem or the solution!!

Doc Ruby

Auvers wrote: »

indeed, wonder how long Rurai would last in the private sector on the amount of cash he gets from the tax payer , judging on his performance he and his cohorts would be fired within two months for gross incompetence

But sure none of them workshy windbags could hold down a job outside "da party". Its like social welfare for the well connected.

Freddie59

woodoo wrote: »

I suppose the government know that cutting even 3 billion form the PS isn't going to save the day. Not even close. To save 3 billion from the 15 billion PS paybill they would need to cut gross pay by about 30% to 40%. The 3 billion taken out of the economy would affect VAT returns etc and we would see more job losses. So it may not reduce the deficit by 3 billion. Even if it did the deficiet would still be massive.

It would need to happen with the full cooperation of the PS too and that is just not going to happen. There would be mass protests.

The government know the only solution is reducing the welfare bill and getting people back to work. And getting some agreement of the banking debt.

The PS is not the problem or the solution!!

But it is a HUGE part of it. Given that the budget deficit is now €16Bn, that accounts for one-fifth.

Degsy

Freddie59 wrote: »

But it is a HUGE part of it. Given that the budget deficit is now €16Bn, that accounts for one-fifth.

One 16th is given to overseas aid and asylum seeker provision..

Freddie59

Degsy wrote: »

One 16th is given to overseas aid and asylum seeker provision..

Likewise, you have to withdraw that Degsy. Look after the pennies, etc.

sensibleken

well this should be a reasoned and balanced debate

hooradiation

Freddie59 wrote: »

Likewise, you have to withdraw that Degsy. Look after the pennies, etc.

...And to hell with brown people

Waitasecond, that's not how that shitty idiom goes.....

opinion guy

Freddie59 wrote: »

It's a fact of life, man. Apparently the Government will spend €1.2Bn on lump sums for retiring PS workers in 2011 and 2012. FFS.:mad:

You see, part of the reason we are in this mess is because the powers that be ignored the rules and regulations relating to banking practice etc.

The PS workers have a contract they worked under with certain agreements. They are morally and legally entitled to their lump sums.

You are not suggesting we revert to ignoring the rules now to shaft some people who held up their end of the bargain now are you ? Cause that seems like a big step backwards to me!

Cee-Jay-Cee

Freddie59 wrote: »

It is nuts - plain and simple. If this were the private sector contracts would be null and void. Plain and simple. Cold, hard economics. Something which neither the Government, Civil servants, or the PS unions appear to comprehend.

But its not...so your typical private sector bleatings dont apply.

opinion guy

Freddie59 wrote: »

It is nuts - plain and simple. If this were the private sector contracts would be null and void. Plain and simple. Cold, hard economics. Something which neither the Government, Civil servants, or the PS unions appear to comprehend.

Eh no. If it was the private sector and the employer unilaterally changed the terms of employment the workers would be fully within their rights to take the employer to court.

woodoo

Freddie59 wrote: »

But it is a HUGE part of it. Given that the budget deficit is now €16Bn, that accounts for one-fifth.

So can you see 30% to 40% cuts to the PS? On top of the paycut of 2010 and the pension levy. How do you think the PS would react to that.

They would be monumental cuts. And they still wouldn't come near to solving the problem.

opinion guy

woodoo wrote: »

So can you see 30% to 40% cuts to the PS? On top of the paycut of 2010 and the pension levy. How do you think the PS would react to that.

They would be monumental cuts. And they still wouldn't come near to solving the problem.

...and would create whole new problems ....strikes etc.....which in an off themselves would further damage the economy

invpat

Lads Ruari Quinn (66) Joan Burton (63) Pat Rabbitte (64) Michael Noonan (69) Richard Bruton (61) Enda Kenny (61), this is there last shot at government they see their names been written in history,the politicians that restored Irelands financial independence.They will do anything to achieve this goal,the Troika will be obeyed at all cost and if it all goes pear shaped then they will write in their memoirs (living on their massive pensions) that we made mistakes but the FF mess was just too big to overturn.These guys are just bean counters the Troika give them cash and they squirrel around dividing it out as best as they can, usually to advisors and of course to their beloved Public/civil service.They will not be there after the next election and will leave the rest of us to stew.Wise up guys were phuked, unless you are inside the PS/CS tent pissing out.

kincsem

In a company if you have used up shareholders funds, and continue to trade when in deficit the directors are up for prosecution.
Ireland is not a limited company so we can take in €30 billion in tax and spend €50 billion a year. Its great.

opinion guy

invpat wrote: »

Lads Ruari Quinn (66) Joan Burton (63) Pat Rabbitte (64) Michael Noonan (69) Richard Bruton (61) Enda Kenny (61), this is there last shot at government they see their names been written in history,the politicians that restored Irelands financial independence.They will do anything to achieve this goal,the Troika will be obeyed at all cost and if it all goes pear shaped then they will write in their memoirs (living on their massive pensions) that we made mistakes but the FF mess was just too big to overturn.These guys are just bean counters the Troika give them cash and they squirrel around dividing it out as best as they can, usually to advisors and of course to their beloved Public/civil service.They will not be there after the next election and will leave the rest of us to stew.Wise up guys were phuked, unless you are inside the PS/CS tent pissing out.

Enda Kenny is 61!!!!! Christ he doesn't look it

SEPT 23 1989

PD's=Greens=Labour

Bannasidhe

Freddie59 wrote: »

The bankrupt Government of a bankrupt State who wish to keep their PS bedfellows in the style to which they have become accustomed is what it is.

It is nuts - plain and simple. If this were the private sector contracts would be null and void. Plain and simple. Cold, hard economics. Something which neither the Government, Civil servants, or the PS unions appear to comprehend.

What - like all those who worked for the (used to be) private banks who took the decisions to lend millions, and in some cases billions, to developers based on personal guarantees lost their jobs....oh wait....they didn't.

Freddie59

opinion guy wrote: »

Eh no. If it was the private sector and the employer unilaterally changed the terms of employment the workers would be fully within their rights to take the employer to court.

Eh, not if the employer was bankrupt.

Freddie59

opinion guy wrote: »

You see, part of the reason we are in this mess is because the powers that be ignored the rules and regulations relating to banking practice etc.

The PS workers have a contract they worked under with certain agreements. They are morally and legally entitled to their lump sums.

You are not suggesting we revert to ignoring the rules now to shaft some people who held up their end of the bargain now are you ? Cause that seems like a big step backwards to me!

Not really. The PS workers are now working for, in effect, a company in receivership. Normal rules should apply. Buy not while Happy Gilmore & Co are there.

The ones charged with making change are the ones who will be most affected by it. Who watches the watchers?

Freddie59

Bannasidhe wrote: »

What - like all those who worked for the (used to be) private banks who took the decisions to lend millions, and in some cases billions, to developers based on personal guarantees lost their jobs....oh wait....they didn't.

You're 100% right. And those companies failed, bankrupt, business entities shouldn't have been bailed out either. But that doesn't lessen the PS problem.