I have no doubt that Kenny and Noonan have good intentions but can you see these men throwing down the gauntlet to force radical change to IMF/ECB policy… no these guys will not rock the boat for the are bonded to their masters
We are a country blitzed by the imposition of austerity…no credit, mounting household debt, high unemployment, plummeting standards right across the broad spectrum of education/social services and finally the Government selling off the what remains of the family silver. Light at the end of the tunnel I don’t think so all I see is devastation and more ruin. Given the level of mounting Government debt at some stage we are going to reach the point of no return and what then. Do we have to wait until the bitter end to face face reality.
Cutting public sector jobs means higher unemployment and fewer people in work paying taxes
Freezing public sector pay and higher unemployment means less disposable income to be spent in the private sector, with a knock-on effect on private sector jobs
Cutting business taxes means less revenue to close the deficit and pay off our debt.
The government is presenting its plans as simply ‘dealing with the deficit’, but that is a smokescreen for another agenda. The government wants to cut and privatise public services because it believes in a market for even essential goods and services; that business should be free to extract profit from any public service, even schools, hospitals, welfare ETC.
The government’s policies are failing because the public sector is not the real problem.
Instead of solving the crisis, these policies are making it worse.
In Spain the unemployment rate is now 25%, while youth unemployment is over 50%.
We are the 99% – and as an end game harassing the 99% cannot not work.
Wages have disportionately . Inflation has been higher than the annual increase in pay. This fall in real wages means we are able to buy less with our money than before, as we have less disposable income.
. . . .
Redistribution: to the 1%
Why is this happening and where is the money going? At the same time that wages and other income has been squeezed for the majority of people, a few people at the top are doing better than ever A few at the top are getting very rich by cutting pay and pensions for the rest.
Freedom of information
The very fundamentals of democracy are build on freedom of information and yet on a worldwide basis it appears to be politicians want to squeeze the information been fed to its citizens. Why will the Irish/EU not release the full details of the bailout agreement to its people.
Cutbacks In in education will mean will mean we revert to being a nation of unskilled factory workers.
What next immigration to Bangladesh?
Education is one of the few remaining life lines open to the country
No sell off of public utilities
Everywhere this has happened it has been an unmitigated disaster
A banking system that works for people not profit
Some of the banks that were bailed out by the government are still using loopholes to advise their corporate and wealthy clients how to avoid paying tax.
They have also laid-off thousands of their own staff to maintain the greed at the top. It feels like we have nationalised the debts while the profits are privatised.
The banking collapse, which caused such economic damage , means the finance sector has lost the right to carry on as before. It must now act in the public interest; publicly owned and controlled.
The money, real money, that is held by the finance sector is ours anyway: our pension funds, our savings, and the cash in our current accounts. The rest of it is credit – electronic money (as over 90% now is) created out of thin air by the banks to lend. The banks are given the right to create credit by governments.
We therefore need the government to ensure that when banks create credit, or lend or invest with our savings or pension funds, they are doing so in our collective interest.
That means investing in infrastructure like new council housing not lending recklessly and creating a housing bubble (and inevitable crash). It means investing to create new jobs in renewable energy rather than speculating on food prices to profit from starvation. And it means investing in new businesses and ideas, not getting windfall dividends and bonuses for merging existing businesses and laying-off staff.
Essential public services are being cut back and privatised, and people’s living standards have been falling , both for those in work and even more so for those unemployed.
There are social consequences too, which have clear financial costs.
Research from previous recessions shows that the increased financial pressures push more people into depression and substance abuse, means couples are more likely to separate, and suicide rates increase.
Politics is about choices – and there is always a choice and always an alternative. Because there always is an alternative but yet we are continually fed the mantra there is no alternative to austerity.
There is an economic crisis – one of rising unemployment, inequality and economic stagnation. Austerity isn’t working, and is not producing the economic growth that the government promised it would. But it is not just growth that matters. If we value people’s lives as more important than simply making more transactions, then the relevant tests for judging an economic recovery are:
Is unemployment falling?
Are people’s living standards rising
Is inequality reducing
Is the tax gap closing?
These are the tests against which we should measure the government’s economic strategy and proposals.
Also the government we have appear to be incapable of showing any leadership whatsoever. They sheep like continue to follow the dictate of their masters…Ollie Rehn. “the eurozone has shown a degree of resilience and problem-solving capacity that many observers and policymakers would not have predicted even a year ago”…Commission chief Jose Barroso insisted that the policy(austerity) is “fundamentally right” and working in Ireland, a risible statement if ever.
We need a leadership that knows how to play rough and this was familiar territory for the IRA. The lesson learnt was once the financial heart of London was bombed peace was in the making.
If the politicians do not heed the wishes of the electorate what then, protest marches …if they still do not listen…civil disobedience… if they still remain deaf well the options narrow. Revolution,guns , violence bombes I hope not.
May common sense prevail
There’s a piece in the SBP at the weekend that manages to encapsulate perfectly a certain world view. Under the line ‘How long will the middle class suffer in silence?’ Martha Kearns states…
“I’m as mad as hell and I’m going to take this any more!” The iconic cry from Peter Finch’s character in the movie Network could be adapted to become a battle cry for Ireland’s increasingly distressed middle-income earner.
Spiralling ever downwards under a mountain of debt, the so-called ‘squeezed middle’ is finding it hard to breathe.
This demographic of mainly private-sector workers is rarely heard on Joe Duffy’s daily radio show or seen at the latest anti-austerity march. More prone to silence, they probably don’t feel they have as much of a right to moan with the rest of them.
I find this most interesting that she should push the public/private sector divide. Though she seems a bit hesitant about it. Clearly some are public sector. It would be useful to know how they sneak in under the wire, so to speak.
Of course it’s impossible to quite make this case without it seeming, well, a little disproportionate. Hence the following sentence or two:
They are still employed, still (just about) able to pay their bills and maybe, just maybe, able to save up to go on a break to the sun for a week or two in the summer. So it’s hard to feel too much sympathy towards them.
Well yes. It is a problem. Isn’t it? I mean, why the sense of grievance when those on, say, significantly lower incomes find it vastly more difficult to do any of those things?
It’s important to remember that, while they are not covered by the Croke Park agreement, they have already had pay cuts similar to, or higher than, those mooted under the public sector deal and would be ecstatic at the idea of a pay freeze. Also, Budget 2013, with its property tax, PRSI contribution increases, motor tax hikes, cuts to child benefit and maternity benefit tax, was not kind to these people.
Looking at their pay cheques now, they would probably laugh at the term ‘middle-income earner’.
Actually, that’s nonsense, and she should know it. Now, I’m not PS myself, labouring under a contract with the PS. But… fairs fair. There have been wages cuts for PS workers long before those ‘mooted under the PS deal’. And they existed before CPI. There’s already – and she should know this, she really should, a ‘pay freeze’. Then there’s the small matter that unlike the private sector where the breakdown was some cuts, mostly wage freezes and in other instances wage increases, in the public sector there were systemic across the board wage cuts. Oh yeah, and pension contribution increases, and all the various bits and pieces imposed by CPI as well. And of course ‘Budget 2013’ impacts in precisely the same way upon public sector workers as private sector workers.
Still, perhaps it’s best that she moves onto a new target.
…it was with a heavy heart that this section of society examined last week’s new government plan for troubled mortgages, as they knew that if anyone was to benefit from it, it wouldn’t be them.
The Central Bank didn’t mess around: it warned that repossessions were on the cards and families would be losing their homes; even those engaging with lenders could lose their homes.
Of course, this is distressing news for the people who are unable to pay their mortgages. The latest figures show that around 144,000 homes are in arrears, with those already structured and buy-to-lets bringing it up to 180,000.
Now some would suggests that for all the obvious caveats that 180,000 are in a pretty dismal place and many, perhaps most, through no fault of their own but due to the excesses of a market which was cheered by political, media and economic commentators as being at the exemplar of the success of this state.
However, while it is distressing, they are being offered a way out. Long-term deals could result in them downsizing to a more affordable home or continuing in their current homes with lower levels of debt, if they get some sort of write-down.
But what about the 420,000 mortgages that continue to be paid? For sure, some of those people have no problems meeting their debts, but there is nothing in the plan for those who are struggling to pay their mortgages but continue doing so.
These are the people who never complain or take to the streets. They’re made to feel lucky – guilty even – that they still have a home, a job and some sort of lifestyle.
Actually that raises the thought that isn’t that precisely what PS workers are often made to feel. indeed looking back a few sentences in her own story, isn’t that what she is sort of implying?
Anyhow, back to the rationale as to why the middle class are different…
It doesn’t matter that they have worked for 15 to 20 years to get to their position in their careers only to be back earning wages they were taking home ten years ago – only now they also have a negative equity mortgage and a family to support.
But [Michael Noonan] doesn’t seem to realise that the people who are not in “mortgage distress” but are in other sorts of financial distress (as a knock-on from ensuring that the mortgage is the first bill to be paid) are also no longer participating in the economy.
They are no longer buying their lunch or morning coffee, they are cancelling their health insurance and cable television subscriptions. They are getting rid of their second cars, cutting their trips to the pub and no longer paying a babysitter so that they can have a night out at the cinema.
They are scrutinising every pay cheque to make sure they have enough money in the bank to cover the mortgage and crippling creche fees, maybe even putting one or two payments on the credit card.
In a way this is amazing, if the writer is being entirely sincere. But the problem is that in a society where others are doing so much worse and that she is unwilling to expend any time on building some degree of solidarity across sectors and classes that it’s impossible to take this at all seriously.
Again, she sort of kind of sees the contradictions in her stance:
Of course, it’s hard to feel sorry for these people in a world where others are on the breadline. That’s why you won’t hear them on the radio or see them on the streets.
But you don’t have to be on the breadline or in mortgage arrears to be struggling. This group may be silent, but the evidence of their distress can be seen everywhere – in the boarded-up shops they once supported, the empty pubs they once frequented and the cinemas they no longer go to.
There’s an element of truth there, that the lack of disposable income is crushing jobs, gutting the economy. But this isn’t just about the middle class, and that class – however nebulously one can define it (and her own caveat as regards the PS early on in the piece is telling) isn’t alone in feeling the pinch and worse. Indeed it’s precisely because of the lack of interest, and yes – solidarity – expressed that the position of this supposed middle class is being laid bare as being vastly more contingent than its cheerleaders might like. And needless to say there’s no reflection on the thoughts that firstly for many in the working class the things she takes for granted simply aren’t a feature in good or bad times or that in the latter the situation worsens.
Of course this is part of a much larger process, a transfer of wealth that it would appear is quite deliberate, a shift towards making near universal the instability, the poor provision whether social or otherwise, that is a facet of everyday life for many working class people whether employed or unemployed. And yet the immediate response, the instinctive one, at least as exemplified in this piece is to go looking for people to blame. Everyone but themselves.
Which brings to mind Ben Franklin’s point that “We must hang together, gentlemen…else, we shall most assuredly hang separately.”
Social solidarity. Once gone not easy to get back.
The HSE West has confirmed that it has dismissed three people in the past 12 months in response to persistent absenteeism.
In a report outlining measures tackling absenteeism in HSE West Mr Rogers added that cases involving 10 staff members were at an advanced stage in disciplinary procedures. He also confirmed that 412 reviews of sick leave had taken place with individuals where the trend had caused concern to managers.
Mr Rogers said the various measures were “an assurance about how serious we are taking this issue right across area west”.