I know it has been this way since the dawn of time and it is the same in almost every Country but surely we now have to look and see how budgetary decisons are made and whether they should be made by politicians who are basically only thinking about the next election.
The idea that current spending is in someway protected at the expense of capital expenditure that has more long term benefits to the economy simply because it is politically easier is disgraceful. It's memos like this that the IMF should be coming down on. The worst part is that they raided private pension funds to pay for so called 'job creation' schemes and they moaned about growth and stimulus while on the opposition benches and yet as soon as they get into power, they realise that going after rich pensioners, public sector pay and some social welfare recipiants is too politically painful. We will never learn.
http://www.independent.ie/national-...-ministers-welfare-cuts-backlash-2928029.html
The idea that current spending is in someway protected at the expense of capital expenditure that has more long term benefits to the economy simply because it is politically easier is disgraceful. It's memos like this that the IMF should be coming down on. The worst part is that they raided private pension funds to pay for so called 'job creation' schemes and they moaned about growth and stimulus while on the opposition benches and yet as soon as they get into power, they realise that going after rich pensioners, public sector pay and some social welfare recipiants is too politically painful. We will never learn.
http://www.independent.ie/national-...-ministers-welfare-cuts-backlash-2928029.html