Discussion in 'Budget 2019' started by Nicklesilver, 9 Oct 2018.
We are a country where it does not pay to work or run a small business and take risks.
Funny, I was thinking the same. How much longer do they think that people who earn over 70k are going to accept being considered rich.... How much longer do they think someone on 50k is going to sit back and see someone on welfare getting a bigger weekly increase from the budget. How much longer do they think people with young children who earns 60k but don't claim welfare not be eligible for affordable childcare while the same couple who gets a welfare payment is. How much longer are people who are stuck in unsuitable family accommodation due to the crash sit there and watch as social and affordable housing gets handed out like confetti that they aren't eligible for because they simply work.
I have to say, that budget was a disgrace. An absolute disgrace.
We are getting closer and closer to a socialist utopia. Just hang in there a bit longer lads.
The Health service overspends by €700m in one year. I actually can't remember the last time we didn't have to have a supplementary budget for health. What's the reward? Have an extra €1 billion to spend. And they will still overspend next year. It is complete madness what we are doing in health.
FG/ff are a tax and spend socialist party ,They know you have no where to go will be voting for them next election ,same old same old supporters ,
I have to admit I am shocked that the welfare increases in this budget exceeded the increases for those on the average industrial wage. Yes, if the left leaning parties got in, I could see this - but FG are supposed to be our right of centre option. Surely they should be rewarding those who work and reducing taxes on enterprise etc.
Yet again, we see increases to the state pension payment (no that I begrudge anyone on it the increase), but there is no consideration given to how this will be funded in the future and the gaping hole of a pension crises the country will face. Very few private sector workers under the age of 45 have any sort of reasonable pension fund, so its likely all of those will be working (or trying to) until 68-70 and then living off the state pension by then. The government needs to be putting large money aside to fund this future payment. I know there is a consultation paper around it, but its the funding of it that needs to be addressed now.
For once, I would like to see a government even just for a single year to take a prudent view of the countries finances and take the advice of so many on here around spending patterns, reasonable rainy day funds and planning for the future - all at a macro level ! Just for a change !
An increase in the Health budget just means a smaller over run. They'll spend whatever they like and the government will just come up with the money.
"The income thresholds for the Affordable Childcare Scheme will increase in net terms, the base income threshold is being raised from €22,700 to €26,000; the maximum income threshold will go from €47,500 to €60,000; and the multiple child deduction will increase from €3,800 to €4,300"
Perhaps im not reading it or understanding it correctly but it looks like there has been increased help for childcare.
[QUOTE="gnf_ireland, post: 1586386, member: 2843"The government needs to be putting large money aside to fund this future payment. I know there is a consultation paper around it, but its the funding of it that needs to be addressed now.
The Rainy Day fund could be renamed to the Future Pensions Obligation Fund. It would have 500m now and should be added to every year by at least this amount and be untouchable..
The Rainy Day fund could be renamed to the Future Pensions Obligation Fund. It would have 500m now and should be added to every year by at least this amount and be untouchable..[/QUOTE]
I was thinking the same as you, you can be sure the people involved is setting it up thought about it also ,
To go with your suggestion the 500m should be ring fenced in along with the PRSI fund
I feel very strongly that we should be building up a Future pension Obligation fund sad thing is It is the 40 something posters who shoot it down,
Or to give it another name, The National Pension Reserve Fund... which of course we had up until recently but it seems it was then renamed to the Ireland Strategic Investment Fund a few years back and the amazing thing is, this morning is the first time I heard about this! From reading the Ireland Strategic Investment Fund website it seems not only was it renamed, but it's objective was changed from a fund whose "statutory objective to meet as much as possible of the costs of social welfare and public service pensions from 2025 until at least 2055" to a fund whose mandate is "to invest on a commercial basis in a manner designed to support economic activity and employment in Ireland".
How on earth did that get through so quietly? Are they now trying to cod us that this Rainy Day Fund is basically the NPRF starting with a balance of zero again (as opposed to the €22.1 billion mentioned as being the balance on closing the NPRF)?
I suspect if it was ring fenced in along with the prsi fund it could not have being touched last time,
I was thinking the same myself, the budget was a disgrace.
FG: pro dole, pro "homeless", pro "single mother", pro borrowing to fund foreign aid, pro mass immigration, pro every trendy liberal bs cause going.
All from a supposedly right-wing party, next time I might as well vote for Labour – they are even supporting the labour candidate for president ffs.
Always remember the so called right-wing pro getting up early in the morning and going to work party is in power is because its bribes the people who don't with your money,
I don't get why FG would produce 3 budgets in a row like this?
Why would they be afraid of SF- their supporters will never vote FG. Most of those getting benefits from yesterday's budget will never vote for FG.
Antagonising working people is only going to lose them votes! It's hard to understand
They are after the FF vote not the SF vote in fact the need SF to keep people who don't get why FG would produce 3 budgets in a row like this to keep voting FG (no where else to go while SF are around)
They only have to look after a little more than 50% of the left/right or center people who come out to vote to be returned to power ,
Once FG Keep well ahead of FF they will be returned to power, FF will die out over the next few elections,
Each of the major parties share a narrow coterie of advisors, drawn from a small pool of politics & PR graduates. Their collective connection to the working people these parties purport to represent is tangential at best.
This budget was all about who holds the best hand of cards going into the next election,
Yes the concept of this was correct. The problem was it was raided when it suited the government/IMF - which I do understand. BUT when it was raided in an emergency, focus should be on returning the money to it when times recovered. The issue is still there is a massive future pension obligation that needs to be addressed. Putting our collective heads in the sand, and constantly raising the state pension is only compounding the issue.
I don't want my children burdened any more than they already are. We need to stop deferring liabilities to them and paying for ourselves in the current time.
I don't think this is the case. I don't think anyone of my age (early 40's) would shoot down this.
I want some sort of commitment that the PRSI payments I make week in/week out will entitle me to something at the end of it. Currently, I have no comfort that this is the case.
Maybe people in their 40's have pi$$ poor private pension funds, because many have just encountered a lost decade of contributions and lost out on the compounding effect. These are likely to be the people who bought in the boom times, have had high levels of negative equity for the last while and suffered salary stagnation during their 30's when you would expect greater salary growth. I think this cohort would love to see something in place that gives them comfort they don't have to work until they are 70-75 !!
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