The_Banker
Registered User
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Do you think we can borrow our way out of a recession?
We have the worst exchequer deficit in the developed world. Even if we can get growth to 3% (which would be next to impossible) we’d still have to cut spending by €3-€5 billion a year for the next 4-5 years just to reduce our deficit to a manageable amount. Add to that the fact that we need to come up with €7 billion a year just to pay the interest on what we’ve already borrowed.
We could always tell everyone to get stuffed and not repay anything but then we’ve have to borrow €20 billion a year at 12-15%, there’d be a massive outflow of capital from the country (bigger than the one we have already) and our banks would collapse again. In other words we have no choice but to do what we are doing. The dye was cast between 2001 and 2007. Everything that came after was almost inevitable.
Bottom line; our wealth and resulting lifestyles for the last 15 years were an illusion, funded by money that we didn’t have. We’re on the long hard road back to reality. More taxes, less money, more poverty, fewer services, bigger classes in schools, more people dying because of inefficiencies and misallocation of resources in the healthcare system etc.
i will take my chances in court, if i have to do a few weeks inside i will.You're going to have a lot of pain coming down the line so. They'll find a way to get you. I don't like it any more than you do
i will take my chances in court, if i have to do a few weeks inside i will.
anyone that cant see that this is just the thin end of the wedge is living in dreamland!
i will take my chances in court, if i have to do a few weeks inside i will.
anyone that cant see that this is just the thin end of the wedge is living in dreamland!
Will I pay it? Yes… I am a tax payer and it is my duty. But I don’t like it.
But I might be a lot happier if I thought the money would be going to help the country rather than down the black hole that is the economic wasteland that this country is.
i wouldn't be so sure of that, its early days yet!Blueband, By all means play Don Quixote, just don't expect an enormous well of public support, most will grumble, it isn't pleasant but nor are a lot of necessary things, but few will be inclined to tilt at windmills.
also those who pay the 100euro now, i wonder will they be so happy to pay when it has jumped up to several thousand euro....and it will, have no doubt on that count!
i will take my chances in court, if i have to do a few weeks inside i will.
anyone that cant see that this is just the thin end of the wedge is living in dreamland!
i wouldn't be so sure of that, its early days yet!
also those who pay the 100euro now, i wonder will they be so happy to pay when it has jumped up to several thousand euro....and it will, have no doubt on that count!
so are you saying that this charge is not going to go up in leaps and bounds in the comming years! lets wait and seeCan we borrow your crystal ball and use it to bet on the horses? While it will undoubtedly increase, I wonder what information you have that makes you so sure of your numbers?
As CeistBeag has suggested it is perhaps time to leave dreamland, the reckless experiment with centralised funding has failed, the coffee is going to boil over unless we wake up and take it off the heat. Well the rest of us will and will just wait for the legislation to garnish your wages/SW to be enacted. Or alternatively, if you decide to flee the charges in this country you can go and pay them abroad...
in that case why dont they just take it at source now!.....oh i forgot they want us to 'opt in' you can bet they do!As far as I know, no one will go to prison for not paying this..instead it is likely to be taken at source,ie; social welfare or wages..
Either way, you will end up paying..
so are you saying that this charge is not going to go up in leaps and bounds in the comming years! lets wait and see
They do not currently have the facility to take this at source.in that case why dont they just take it at source now!.....oh i forgot they want us to 'opt in' you can bet they do!
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