Ron Burgundy
Registered User
- Messages
- 752
Tell me this then ,should everyone not buy a house car etc,just in case the goverment decide to take the money which was budgeted for?
Re trips to hairdressers etc,it is the goverments fault that some of us can now not afford them.we worked hard to earn the money and they have now taken it away.
You are being riduclous asking if they signed papers for fixed rate morgages etc,but what they did do was sign off on hugh public sector bills.I obviously signed my fixed rate morgage,BASED on my income,however FF have now erroded that.
How do you determine living beyond our means?
How do you think people can afford to hire DJs? ahh disposable income? oh but thats living beyond our means..
I did and do earn the money to pay morgage bills etc,but FF have decided that they will stop that and not allow me to keep the money Ive earned and budgeted while paying a hugh amount of taxes.
The logical conclusion of your argument is that no one should buy anything just in case FF decide we have too much
I got up this morning and there was no milk in the fridge......was that FF fault as well, where do you draw the line.
It reminds me of the Simpsons.
We are all to blame and we all have to work together to get out of it.
I think that a lot of problems that this nation is facing are coming from a lot of contributors and not only the government of the day.
Sure a lot of problems can be traced down to incompetence when it came down to managing a market that was based on a ponzi scheme or standing up to the social partners.
get rich quick scheme and the state aided it with mortgage relief and other incentives.Nobody did force anybody to buy an overprized house/apartment when it was clear than once more units were on the market than people needed that this would come down. But everybody did try to participate in this
And once it call came crashing down nobody in the ruling class has the wisdom to take action and made it just worse.
So the outcome is an unfair budget that penalizes people that work and try to cover themselves for rainy days by saving, having a life insurance with critical illness cover or a private pension so that they can actually have a life once they retire. Levies on Life Insurances, higher levies on savings or investments is a joke. There have been losses in pension funds and they start hiking the taxes?
People who are on social welfare are the clear winners of this budget. Yes I am saying it. They got their 3% inflation increase at the beginning of the year and now we have 4% deflation so they get a big hike while I have to save even more because I now have to pay for a clueless government. And before you shout but they took the x-mas bonus away, I’m working and I don’t get a an x-mas bonus. All my bonuses have been eliminated long ago and I have to pay more taxes now.
The looser are also people with private health insurance, not only do the prices go up because of the recent tax on health insurance, we now have to pay 4% for something we might not even use because we choose not to take the risk of dying on a trolley in Beaumont hospital. Now if the 2% addition would actually go to a modern health service (like they have in other countries) I might be convinced to pay it, but this is going to go either directly to the builders or banks or additional managers in the HSE and not equipment or frontline staff.
And in the long run there will be one clear looser: Ireland
Because today in the office I saw the first mobile “non nationals” talking to HR about transferring to another country. These are the people which should have been kept in the country because they contribute to the tax in large amounts. And I’m sure that our HR is soon going to hold a presentation about this and I’m also going to attend because once I pay over ½ of my salary to the tax man I rather move to Sweden where for the ½ of my salary in taxes I get working public transport and a health system where I don’t need private insurance to be taken care off.
And given that I lost about 12% of my salary now due to the different hikes I will make cutbacks and they won’t help stimulating the economy or create jobs. No more going out, no more food delivery and more into the pension funds for as long as that still works.
Did they pick a fixed rate mortgage ??
Did they decide to get a car loan ???
Did we overspend and have the highest rate of credit per person in Europe ??
So what you are saying is that FF are the only and sole group to blame for the economy ???
Are you saying that the ecenomic slow down world wide has nothing to do with it ??
Are you saying that the behaviour of the banks giving 100% mortgages and mortgages worth 10 or 12 times a persons salary are not to blame ???
We are all to blame and we all have to work together to get out of it.
Politicians will always mess things up......but we will always voting them in......
What can we do? Out FF...they caused it they should suffer the consequences..
Personally I would love to tie the lot of them behind my tractor and not stop dragging them around until the chains broke, but what would an election achieve?
I have heard a lot of people calling for a general election etc. but I keep looking at who and what we will get in return. FG + Labour, who will spend the entirity of their time in power saying its not our fault-we never caused this mess-look what we have to do to fix FF's mess but still implementing the same type of budgets. The majority of the opposition wouldnt run a dog house (most prominent is Enda Kenny). If there was an election how long would it be before the new government is in and settled, time is of the essence now more than ever.
The excessive mortage borrowing was driven by FFs absolute failure to manage public finances (their pro-cyclical policies fuelled an economy which was beginning to overheat). Their 'light-touch' regulation of the banking sector facilitated near criminal actions by the banks, and their courting of developers was/is scandalous.
If FF had managed the economy prudently, we would be in a much more manageable crisis - and the corrective measures required would be more reasonable.
Idiots who buy the 'it was the global crisis' line, need their head examined - this government should shag off to where they belong - a third rate, third world, banana republic!!
Shoulda, coulda, woulda.
The mortgage borrowing was nothing to do with FF, it was the desire/need/compulsion of people to own their own homes at any cost. I don't blame them, I don't blame the government, I don't even blame the banks. It happened all over the world because all the banks are global. The banks used to be a cartel, then measures were intorduced to deregulate and to introduce competition. Once the potential was realised across the world in the sub prime market that's when it went wrong.
All governments turned a blind eye to the morality and practices, not just here. The reality is though that it is global and unfortunately we've seen the real colours of so-called "special relationships" as each company has taken a feck ou attitude and look to secure its own interests. We're small fish, we p*ssed a lot of our European cousins off over the last decade with our poaching business, rubbing noses in our wealth. Now we have to sort out the finances and try and compete again with the big boys.
I'm not happy with the budget because I lose money, but I know why it has to be done. It could have been better and there are other measures. But it's nowhere near as bad as it was for our parents, nowhere. They didn't have phones, cable, internet, large cars and they still had to pay huge interest, huge inflation, huge tax and usually on one salary and with kids to feed and clothe and send to school.
As I said, I'm not happy, but some perspective is needed.
Shoulda, coulda, woulda.
The mortgage borrowing was nothing to do with FF, it was the desire/need/compulsion of people to own their own homes at any cost. I don't blame them, I don't blame the government, I don't even blame the banks. It happened all over the world because all the banks are global. The banks used to be a cartel, then measures were intorduced to deregulate and to introduce competition. Once the potential was realised across the world in the sub prime market that's when it went wrong.
All governments turned a blind eye to the morality and practices, not just here. The reality is though that it is global and unfortunately we've seen the real colours of so-called "special relationships" as each company has taken a feck ou attitude and look to secure its own interests. We're small fish, we p*ssed a lot of our European cousins off over the last decade with our poaching business, rubbing noses in our wealth. Now we have to sort out the finances and try and compete again with the big boys.
I'm not happy with the budget because I lose money, but I know why it has to be done. It could have been better and there are other measures. But it's nowhere near as bad as it was for our parents, nowhere. They didn't have phones, cable, internet, large cars and they still had to pay huge interest, huge inflation, huge tax and usually on one salary and with kids to feed and clothe and send to school.
As I said, I'm not happy, but some perspective is needed.
Yes, excellent post. It also brings to mind our rejection of the Lisbon Treaty, seen by many as the Smug Paddy's way of giving the middle finger to a Europe we no longer needed because we thought we were doing so well on our own. And now we're hoping they'll bail us out. Has anyone else picked up on the "I wish the new Lisbon Treaty vote was next week so that we can vote Yes this time" vibe around the place or is it just me?
Tell me this then ,should everyone not buy a house car etc,just in case the goverment decide to take the money which was budgeted for?
Re trips to hairdressers etc,it is the goverments fault that some of us can now not afford them.we worked hard to earn the money and they have now taken it away.
You are being riduclous asking if they signed papers for fixed rate morgages etc,but what they did do was sign off on hugh public sector bills.I obviously signed my fixed rate morgage,BASED on my income,however FF have now erroded that.
How do you determine living beyond our means?
How do you think people can afford to hire DJs? ahh disposable income? oh but thats living beyond our means..
I did and do earn the money to pay morgage bills etc,but FF have decided that they will stop that and not allow me to keep the money Ive earned and budgeted while paying a hugh amount of taxes.
The logical conclusion of your argument is that no one should buy anything just in case FF decide we have too much
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