Originally Posted by
mypost
Hanafin telling all and sundry yesterday, that unfortunately "our public spending is just too much", and savings need to be made. Well, unfortunately Mary, that applies to every citizen in the country. More money taken out of the economy = less money spent by the public = more job lossess = less tax revenue = more strain on the public finances. The public sector can't be touched in terms of job redundancies, people like me won't allow Lisbon to be passed, the EU can't help, the IMF are unwilling to help.
Tough decisions need to be made, and it needs a cabinet that know what they're doing, not an inexperienced cabinet employed in the wrong ministerial positions, making budget projections which are off the wall in accuracy.
Cutting public spending is the most painless way, (if there is one) of achieving the targets the IMF want, but Cowen and his cabinet are primarily responsible to the Irish people, not someone with a computer in some remote distant location, acting as judge and jury on other nation's finances.