NAMA explained ….now you know.
How Ireland’s economy operates, while bankrupt 😉 [Read More]
Government Policy
Army chooses Mitsubishi Pajero
In these times of reducing revenues for the Government it is somewhat questionable whether or not we really need to spend €10,000,000 of taxpayers money on their acquisition. Especially, as this is the same amount that is required to keep the ward in Crumlins Children’s Hospital open. Somehow, I think if the people of Ireland had a choice, the new vehicles could wait a tear or two ? [Read More]
Nama a good deal only for the banks’ shareholders
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. [Read More]
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? [Read More]
Did the Government read my blog ?
Well, I certainly hope so. I was just listening to Pat Carey the government Chief Whip on the radio conceding that it may be necessary to implement a third taxation rate! My goodness, what an absolute stroke of genius. If you look at my previous post you will see that I have suggested not just a third tax rate or possibly 15 or 20 Incremental tax rates. Now it transpires that Labour have decided to support the same policy as have Fine Gael. [Read More]
Incremental Income Tax Rates ?
The principle of a citizens financial contribution to the State in the form of income tax has since Roman times, been correlated to some degree with the persons ability to pay. Since the introduction of [Read More]
“Economic Civil War” in Ireland ?
The Immediate Dangers I am of the opinion that there will be a period of what I have termed ‘Economic Civil War’ before May 2009, in which the public and private sectors will engage in [Read More]
My Newstalk 106 Interview
This interview by Ger Gilroy of Newstalk 106 was ostensibly about Niall Blaney TD joining Fianna Fail but contains some detailed observation of the lack of strategic vision which was obvious to all who were [Read More]
Purpose of Government ?
It occurs to me that the sole focus of democratic Governments is to avoid being seen to be wrong. They seem incapable of ever admiting to being wrong. Is this some fear going back a [Read More]