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Has Ireland lost its way despite an orgy of self congratulation since the recession e

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    #62
    Topgear on Dave
    Registered Users Posts: 4,528 ✭✭✭Topgear on Dave


    Mad_maxx wrote: »
    It was way cheaper to buy a house back then even with 15% plus interest rates, most houses were no more than four times a persons wage.

    Emigration does not put upward forces on house prices.


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    #63
    Tea drinker
    Registered Users Posts: 2,818 ✭✭✭Tea drinker


    One of the most indebted nations in the developed world.
    No reduction in debt since it's peak
    Wasting money building a hospoital in the wrong location
    Wasted money by buying overpriced land to build a prosin, which was never built, yet there is no prison places, and it's not unusual to have serious and violent criminals with 100's of convictions costing money to citizens while the state saves cash on costs.
    Political class are cowards and incapable of delivering any solutions requiring thought.


    lola85 wrote: »
    Love how Irish people blame one person because their lives are so miserable.

    Pathetic way to live.

    You make you’re own luck, there is opportunities passing every minute in life but people are too lazy to see it and will blame “Leo” for all their failings.
    You seem to be continously picking on either posters or racist ramblings about Irish in general.
    Criticism of Ireland is needed, ignoring the problems, watching love island etc, is a scientifically unproven manner of improving either your own lot or the national one. Whinging is equally ineffectual, but *will* make you miserable.
    You seem to prefer covering your ears and blaming Irish rather than having an actual discussion but that's just me being moronic, pathetic and failing.
    You are right about one thing, being open to luck


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    #64
    Wanderer78
    Registered Users Posts: 28,831 ✭✭✭✭Wanderer78


    Tea drinker wrote: »
    One of the most indebted nations in the developed world.
    No reduction in debt since it's peak
    Wasting money building a hospoital in the wrong location
    Wasted money by buying overpriced land to build a prosin, which was never built, yet there is no prison places, and it's not unusual to have serious and violent criminals with 100's of convictions costing money to citizens while the state saves cash on costs.
    Political class are cowards and incapable of delivering any solutions requiring thought.

    again, one of the main causes of the previous crash was in fact the rapid rise of private debt, not public debt, largely due to the deregulation of the financial sector, which in turn flooded the planet with cheap credit, hence resulting in a credit crisis. public debt was largely in decline leading up to the crash, as we were regularly running a surplus.


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    #65
    Tea drinker
    Registered Users Posts: 2,818 ✭✭✭Tea drinker


    Wanderer78 wrote: »
    again, one of the main causes of the previous crash was in fact the rapid rise of private debt, not public debt, largely due to the deregulation of the financial sector, which in turn flooded the planet with cheap credit, hence resulting in a credit crisis. public debt was largely in decline leading up to the crash, as we were regularly running a surplus.
    True, but "we are where we are" now.
    We've had several massive tax windfalls from the MNC's none of which has made any headway in the public finances. The period where we can rely on MNC windfall is perhaps coming to and end, and having done nothing to fix the debt we will be crippled by it. It's an extremely serious situation, we are still in "the emergency" but no one feels it on their skin.
    Looking at the government throwing away jobs in Bord Na Mona this week doesn't fill me with confidence.


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