Public spending - time is money

http://www.rte.ie/business/2009/0127/pay.html

"Meanwhile, the Department of Finance has confirmed that on the basis of the €20 billion deficit forecast for this year, the Government is now borrowing €55m a day.
If it achieved the desired €2 billion in cost savings for this year, that figure could be reduced to €50m a day - with resulting savings in interest costs."


Why are government taking so long to cut €2 billion when it's only a drop in the ocean...a little less conversation and a little more action required.

Agreed. Cut public sector wages + pensions by 20% now.

Cut Brian Cowens pay by 50% now.

rabbit said:

Agreed. Cut public sector wages + pensions by 20% now.

Click to expand...

so if someone is on 25k ( 8k below the AIW ) cut their wages to 20k and give them 384 a week take home pay ???

Not everyone in the public sector earns massive amounts of money and gets expenses left, right and centre.

I agree we need to do something BUT not from those who earn below the AIW when a TD earns 3 times that before expenses etc are taken in as well.

rabbit said:

Agreed. Cut public sector wages + pensions by 20% now.

Click to expand...

Here we go again...