While you are at it what about the borrowing of Richie RYan in the 1973-1977 period ? If you don't want to look at anything in isolation. Because that was the real beginning of deficit budgeting in the country. Yes the giveaway compounded that.Quote:
Originally Posted by Macy
But in fairness to Cosgrave's Government they rode the rough waves of economic climes somewhat better in the 1970's than their successors did a decade later!
P.S. A pattern is emerging. The architect of the 1977 Giveaway election was Professor Martin O'Donoghue...an Economist!
Garret Fitzgerald Taoiseach from 1982 to 1987 was an economist. Between them they had the World Bank on our doorstep by 1987.
Moral of the story..... NEVER ALLOW AN ECONOMIST ANYWHERE NEAR THE ECONOMY!