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Don't forget to mention the deflationary effect of the cuts driving us deeper and deeper into recession;No I believe in Real Life Economics... We dont have any money, well then Anglo can go and sing for their money, so can AIB and BOI. They should not be given another single cent and they should be hit with a Banking Tax to pay us all back. And Senior Public Servant should take the maximum hit with low paid staff being protected
But... Fianna Fail Economics will mean that Anglo will get the €6bn they ask for, developers will be bailed out, those who caused this mess will get away with it. But pity about the low paid and those who have lost their jobs because sorry lads we have no money for you guys...
http://www.progressive-economy.ie/2010/03/economically-damaging-and-fiscally.html