Rubbish. Similar to Biff, I criticised FG for only delivering a small surplus and spending nearly 10 billion more than forecast by 2019. Mostly on pointless welfare goodies and public service salary increases rather than on productive things as well. Things they got no thanks for and which were politically pointless.
Donāt try and claim I have cheerleaded for them during Covid ffs.
Yeah they were funny. You can see them here on the last page of their manifesto.
The delta between their tax breaks and tax raising initiatives was ā¬1.4bn, of which;
āend the tax breaks to banksā - ā¬175m. The banks were using forward losses, as other businesses use. As major shareholders in the banks, we benefited from that via the share price. They donāt seem to get that you are just taking from one hand to give to the other. Itās also totally uncosted - I wonder what year they used and applied 12.5%? They know that profits go up and down Iām sure. Itās sounds nice and is populist though, so just lash it in there.
āIncrease income from the annual bank levyā - ā¬50m - see above
ā- Tax intangible assets onshored by multinationalsā - ā¬722m. The big one. Again Iād love to see their workings, I wonder do they even know what intangibles are. I wonder do they even know what they are or that they will move.
Loads of other ones you can go through there but there are never any counter costs to what they are doing.
Bizarre Sean OāRourke has taken such a punishment.
Heās a prick, donāt get me wrong, and clearly an establishment lackey who liked rubbing shoulders with politicians (something which was unprofessional considering his occupation) but he wonāt work with them ever againā¦?
Heāll be back when the dust settles, no doubt. What the likes of Og Cusack did was far worse and heās on every week.
You have to remember RTE are the fulcrum in terms of lads calling for Big Philās head. If theyāre seen to fire him a bone, all hell will break loose
Exactly, I thought the cunt had retired. Surely there some young people there who could be given a chance.SOR reminds me of these teachers who retire but still end up doing substitute/exams.
Interest rates are low now but are unlikely to remain low forever and ultimately government debt will need to get refinanced, it rarely gets repaid. We need to consider both what the interest rate is now and in ten years or so when we need to roll it over.
That being said, using low interest rate debt is good if itās for sensible capital spending and or in emergency situations/stimulus (as in now). In the case where an economy is overheating (say late 2019 in Ireland) then using debt for capital spending is questionable but thatās an aside.
Using debt to finance current spending in any sort of significant way is quite a bad thing to do though - youāre just putting off bad decisions. We had gotten away from that over the last decade to be fair.
Your point about the āmost out of control current spendingā is utterly misleading in the face of a global pandemic but you know that.
You are broadly correct . However the real problem for me with the golf dinner was how stupid the cunts were and how it exposed the kind of cunt that needed to attend .
The people are really ashamed of themselves for having their lives ruined by this cod so need an external third party to vent and project their anger to. A few middle aged politicians playing golf fit the bill.
To be fair to these lads, they did appear to at least make some effort to abide by the rules.
There was a similar event in Esker Hills a few weeks back to celebrate a year since Shane Lowry won the Open and every GAA Tom, Dick and Harry were there posing for photos in the bar, with no social distancing going on.
Not a word about it.
How are we ever going to get top people enter politics when they know that even the smallest little mistake and they will be ridiculed and humiliated for a full week and then be made resign?