porsche959 wrote: » Is this the same David McWilliams that advocated putting €3bn of taxpayers money into AIB in 2008? I'm just curious. I seek merely information.
deco nate wrote: » Load of bollix's! People like gigs, take in the fact that they have to give up going Out to save up to pay for that day out. So, that money is not been spent in the way it would normally have been, so thier is. In fact Less money to go around, Wages are way down for most people. And this is from the man that Told to government to back the banks? Yea I believe him!
deco nate wrote: » Yep, the this is the same person!
porsche959 wrote: » I did suspect that it was. Now I wonder, why would anyone take him seriously again on any economic/banking/financial issues?
deco nate wrote: » For who? Wages have taken a major dump, prices rising for all living expenses. How Does this improve People's life's? Wear maybe the job front is improving. However if people have to pay the the nose for these "improvements'in our lives. I'm like many I'm sure cannot 'enjoy life' and before anyone asks no I don't have sky, yes I do have bb. And I wish I could afford to go to a gig/have a night out. And tbh, I'm just one of very many that can't. And it will only get worse when water charges come in.
Kermit.de.frog wrote: » You do understand the concept that there is a lag between actual recovery and people seeing it in their pockets. As the article points out you won't see it yet. But I'd bet on a neutral budget next month. The country's finances are well ahead of schedule.
Kermit.de.frog wrote: » You do understand the concept that there is a lag between actual recovery and people seeing it in their pockets. As the article points out you won't see it yet. I'd bet on a neutral budget next month. The country's finances are well ahead of schedule.
kneemos wrote: » We're borrowing 800 million a month and have massive debt interest payments,the Government won't have anything to put in our pockets for the foreseeable future whatever the recovery.
deco nate wrote: » So you are saying we are not borrowing 800 million per month, yet even if we are we can afford to...?!
Kermit.de.frog wrote: » Growth is the key here. The economy is growing so that leaves scope for targeted relief. The deficit this year looks like it will be 3.6% - way below expectations. To put in context the UK's deficit is 7.8%. So we have less to do to meet the EU targets for every member state. The more the economy grows the less that target becomes. We were proportionally paying far more in interest in 1989 incidentally compared to now. And the NTMA can and is refinancing debt at record low interest rates. It's not as simple as you make it seem.
Kermit.de.frog wrote: » Not true - in this budget they do have scope for targeted relief for low earners. Not much of course but if it is a neutral budget than that gives confidence and that is what needs to grow so that people will spend more. Solid growth could bring real tax relief next year. I hope this budget marks the end of austerity. It may well do. The economy is recovering strongly compared to the eurozone even though people do not see it yet. It's a lag and effect.
In Lonesome Dove wrote: » The finance minster of France came out a few weeks ago being very criticial of the eurozone saying that if we continue down the path of austerity we'll find ourselves in a depression. I would agree with him. Many countries have similiar problems to us such as banking problems, deficit, unemployment. So the problem goes very deep but the only solution to date has been to hit us left, right and centre with cuts and tax hikes which will lead us all around in circles.
i heart chewy louie wrote: » It's a good article. Doesn't use his usual over wrought similes.
Barely There wrote: » The budget deficit has reduced by around €10billion per year since the introduction of austerity measures. Despite all the whinging from the usual suspects on the loony-left, it would seem that austerity is working. Now we're seeing increased employment levels and growth in tax returns. Are we out of the woods - no. We're very exposed to a worldwide downturn. Are we moving in the right direction - yes.
kneemos wrote: » Pretty much guaranteed to be tax relief next year with an election due in 2016.
