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Tag Archives: cutbacks

Confidence in action

How much will we owe in 2012? Ireland’s Debt/GDP reached a record low of 25% in 2006. At the end of 2009, it stood at 66%, as the government went on a borrowing spree to bail out banks while tax revenues plummeted. Our gross debt ratio is projected to rise to 84% by end 2010. […]

Natural Causes

Christopher O’Driscoll was seventeen. The HSE knew about him since he was ten. Since then, he had been in and out of care facilities, an when they were full, bed and breakfasts, or hotels. On May Day weekend last year, he had nowhere to go. The administrators had shut down their computers, closed their offices, […]

An Cúige

David Cameron has let the cat out of the bag. Northern Ireland costs too much. Wikipedia puts the cost to the British exchequer at five billion quid in 2006. That’s one fifth of all economic output. Annually. Despite this, the North remains an economic basketcase. By contrast, the Republic benefited from a EU investment in […]

Rock Bottom

Anyone seeking for a metaphor for all that is wrong with Ireland at the moment need look no farther than the Dublin docklands. There, you will find the proposed new headquarters for Anglo Irish Bank, a building planned in happier days, before the bank imploded and was nationalised. A government strapped for cash as tax […]

News Management

Remember back when when all those junior ministers lined up to declare they were willing to lose their positions, and we really didn’t need twenty of them? It was all part of the Share The Pain the government has been spreading in order to condition the rest of us for pay cuts. After all, if […]

FUD

Brian Cowen can’t even rely on the weather these days. Since the talks with unions and employers broke down this morning, it was clear he would have to go it alone, announcing cutbacks without the protective cover of the social partners. At 4pm, he stood to address the Dáil, announcing two billion in cutbacks, including […]