Archive for December, 2010

Spending cuts are the only way out of recession

I welcome the budget today as it addresses the four of the most critical challenges facing this economy over the next number of years:

1 – Begins the process of correcting the public finances

2 – It creates conditions for an equitable tax system for those at work

3 – It commences the very necessary reforms, already outlined in the Croke Park agreement, with respect to greater efficiencies throughout the public service

4 – Acknowledges the very serious difficulties within the Irish banking system, in line with the measures announced in the joint funding programme between Ireland and the IMF / EU

Continue reading Spending cuts are the only way out of recession…

No Comments »

WP Login