Monday, 6 April 2009

Our 'Government' will funk it

Tomorrow’s Budget is widely seen as make or break for Ireland’s economy. To me, all the signs point to a break, but a deferred one. The budget will put off the evil day, but that day will arrive, and when it does it will be even worse than it would otherwise have been.

The so-called government will take all the easy options. They’ll increase taxes for everyone, but not too much. They’ll postpone vital infrastructure projects (not many votes in them) and borrow every cent they can get their grubby paws on.
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The expenditure side, where 90% of the deficit bridging should be sourced, will be largely left intact. Consider just one statistic. At current levels, social welfare uses up over two thirds of government revenues!. This is before you get into public sector pay, or costs for health, education, law enforcement and all the rest of what constitutes ‘normal’ government expenditure. Yet it seems that this will not be touched, even though current deflation means that payments will actually go up in value.

Statistic: If you’re on the dole in Ireland you get almost four times what you get across the border in the UK.
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The other monster in the room is the public sector pay bill, which has exploded like a malignant tumour over the last decade. Public sector employees, in their secure jobs, with index-linked pensions, nonetheless earn about 30% more their counterparts in the private sector. Is that madness, or what?
But that’s nothing to what they earn in comparison to foreigners in wealthy countries.

Statistic: An ambulance driver in Dublin earns more than a cardiologist in Germany
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Statistic: A professor in Ireland earns twice what his equivalent in the UK earns
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Statistic: A policeman in Ireland after 20 years service earns more than twice that of his counterpart in France.
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The list is endless. Fact is, our public sector is rewarded at a level vastly in excess of what the economy can afford. Despite this, it has successfully resisted all reform initiatives and remains one of the most hidebound and inefficient in the Western world.

Billions currently being wasted could be saved with the stroke of a pen. Close down all of the Victim Industry quangos – there are hundreds of them. Reduce foreign 'aid' by 90% - everyone will benefit, not least the supposed beneficiaries. And deport every illegal immigrant.
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None of these things will happen, leaving the fundamental problem almost untouched. The reason? Politics before principle, party before country.
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It wasn’t always thus. Our first President died with holes in his shoes and a couple of hundred pounds in the bank.
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But that was then – this is now.

14 comments:

Joe O'Neill said...

One of the things that people seem to forget when planning a defecit is that the money has to be borrowed, it is usually rolled over annually and just the interest is paid.The problem is that the people who are lending the state the money allthough they have long pockets, will , at some time want the loan repaid.The only other alternative is to print money but Ireland no longer has the Punt to print so they are stuck with no option. The reality is that it is tough to live beyond ones means and that applies just as easily to countries as it does to individuals.

kulak said...

Hans-Hermann Hoppe is right.

Democracy: The God That Failed

Anonymous said...

you were right - they did funck it. All taxes and borrowings. God help us all!

Anonymous said...

Why didn't he go and buy himself a pair of decent shoes Savant?

SAVANT said...

anon 00.28. Ernest Blighe didnt have enough money to buy shoes. Unlike the current crowd he belived that sacrifice should start at the top.

Anonymous said...

Who's Ernest Blighe Savant? Anyway, whoever he is, why didn't he go and buy himself a decent pair of shoes if he had, as you say, hundreds in the bank? It seems odd that a man with hundreds in the bank should die in shoes with holes in them, especially if he's a president. He'd want to have good shoes as president, to make a good impression on visiting heads of state and the like. But still, who is he Savant, this man, Ernest Blighe?

SAVANT said...

anon - he was Ireland's first President. His whole estate was worth only a few hundred when he died. I dont think his shoes were like those of a tramp that would embarrass visitors as you suggest. My point really was that he thought so little for his own 'selfish' interests that he went around like that. I'm really making the contrast with the present shower.

Anonymous said...

But Douglas Hyde was the first president of Ireland Savant. I've never heard of this Ernest Blighe character but I understand your point about men of honour. But that goes back to Plato I think when he spoke of different types of men-merchants, warriors, philosophers, etc. There are men who love the material world and there are men of love the more abstract moral world, and the problem is it's the materialistic men you have power and control now, not the moral men. But Ernest Blighe, never heard of him and I tried googling him and the first thing that comes up is an account of the Mutiny On The Bounty. Seriously Savant, who is he?

SAVANT said...

anon - my apologies. I must have had a blonde moment. Of course Douglas Hyde was our first president, and he was the one I had in mind.

I also take your point that non-materialism isn't necessarily a good thing. For example Stalin lived like a peasant, but not a good chappie, I think you'll agree!

Anonymous said...

No, Stalin lived high on the hog, like most communist leaders the likes of Mao(ferocious appetite for whores) etc.

Tell me Savant if Stalins lifestyle fits your definition of a what "peasant's" one is:

"Beside his suite in the Kremlin, Stalin had numerous domiciles. In 1919 he started with a country house near Usovo, he added dachas at Zuvalova and Kuntsevo (Blizhny dacha built by Miron Merzhanov). Before WWII he added the Lipki estate and Semyonovskaya, and had at least four dachas in the south by 1937, including one near Sochi. A luxury villa near Gagri was given to him by Beria. In Abkhasia he maintained a mountain retreat. After the war he added dachas at Novy Alon, near Sukhumi, in the Valdai Hills, and at Lake Mitsa. Another estate was near Zelyony Myss on the Black Sea. All these dachas, estates, and palaces were staffed, well furnished and equipped, kept safe by security forces, and were mainly used privately, rarely for diplomatic purposes. Between places Stalin would travel by car or train, never by air; he flew only once when attending the 1943 Tehran conference."[http://en.wikipedia.org/wiki/Stalin]

Plus, stop promoting the meme of the "dumb Blonde", it's old, and a propagandic piece perpetuated by hollywood Jews as a dig at the Nordic races after WW2.

Anonymous said...

they filled the country with 700,000 immigrants and then they cut the under 20's job seekers allowance by 100 euros . that's just fucking cruel . how in gods name are the kids gonna buy their hash and E's , the drug dealers ie the elite and guards are gonna be out of pocket over this .

my solutions

deport all immigrants

Nationalise the oil and gas

happy days would be here again .

Anonymous said...

Your analysis was on the button Savant: Tax and borrow and let public expenditure grow. Like true Democrats!

SAVANT said...

anon 22.33. You're correct in this, although I dont think, in the case of Stalin or Beria 'ownership' had much meaning. They took what they wanted.

Re Stalin, I was referring more to his personal living style which WAS spartan - apart from the epic drinking sessions. This was in contrast to say Tito, who lived like a monarch.

For example, when Stalin was discovered in his quarters after he suffered his fatal stroke, his 'comrades' were appaled by the squalor and promitive living conditions.

Anonymous said...

what about a follow up savant? you were on the button with your forecast.