I should have created this thread a number of years ago, but better late than never I suppose.
The penny is dropping with Fintan O'Toole:
"the €7.5 billion it costs us every year to pay interest on the debts"...."is over 40 per cent of all the money the State takes in every year from income tax. It’s just a little less than the cost of running the entire education system."
http://www.irishtimes.com/opinion/f...bt-the-state-puts-on-the-rich-mouth-1.2088572
Of course Fintan didn't mention that the net cost of bailing out the banks" is roughly 40bn, representing 19% of our 214bn (and growing!) National Debt. I wonder why Fintan didn't offer an opinion on how the rest of the debt came to be??
Fintan's main argument is that we should be like Greece and be a "squeeking wheel that gets the oil". This would mean that our annual interest bill would be lower that it is currently.
This, to me, screams of rearranging the deck chairs on the Titanic!
Firefly.
The penny is dropping with Fintan O'Toole:
"the €7.5 billion it costs us every year to pay interest on the debts"...."is over 40 per cent of all the money the State takes in every year from income tax. It’s just a little less than the cost of running the entire education system."
http://www.irishtimes.com/opinion/f...bt-the-state-puts-on-the-rich-mouth-1.2088572
Of course Fintan didn't mention that the net cost of bailing out the banks" is roughly 40bn, representing 19% of our 214bn (and growing!) National Debt. I wonder why Fintan didn't offer an opinion on how the rest of the debt came to be??
Fintan's main argument is that we should be like Greece and be a "squeeking wheel that gets the oil". This would mean that our annual interest bill would be lower that it is currently.
This, to me, screams of rearranging the deck chairs on the Titanic!
Firefly.