This short article by Karl Whelan, Professor of economics at UCD, makes it very obvious that we must reconsider the entire NAMA idea. The majority of the people elected the present Government to run the Country on our behalf and to be kind, it hasn’t be working out so well. Now they are about to orchestrate the biggest distortion of the free market ever and it will cost you personally (and each of your children) more than EUR15,000.
Tag Archive: Economy
Jul
17
The Perfect Storm ?
he government are proposing to reduce public expenditure by 5 billion this year. Far be it from us to interfere in their eight week holiday, so we are going to have to wait until December before they start implementing any of the required cuts. Between now and then, this means that we will have to borrow an additional €8,125,000,000! Can somebody please tell me why we have to wait until December to have a budget?
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