WingNews logo WingNews
top | item 40054099

(no title)

negamax | 1 year ago

Yeah GDP is cooked and is largely inflated by the foreign corporations. What does Ireland have to show for that €223B debt? All of that money was thrown into the welfare pit.

What does Ireland has to show for such a large government employees. Health service is in tatters, so is housing. Come on. Put down the rose tinted glasses.

discuss

order

Fordec|1 year ago

The debt was built up majority bailing out the banks from the 2008 housing crisis to the cost of $85B. If it was spent on welfare, it was on corporate welfare.

As for health,the health outcomes are 6 years more life per person for $7.1k/person/yr compared to the US which costs $12.5kpp/yr.

rsynnott|1 year ago

> All of that money was thrown into the welfare pit.

Largely bailing out the banks, actually. Debt fell to practically nothing prior to the financial crisis, then leapt up, and has been kinda flat ever since. So, I mean, arguably welfare for the rich? We were arguably over-generous with the banks.

> What does Ireland has to show for such a large government employees. Health service is in tatters, so is housing.

Again, that is because we _don't actually spend very much on it_, to a large extent. As I said, I think we should be spending more, particularly on building housing.

I'm a bit confused; what sort of changes do you want to see? Cuts to the dole? That wouldn't make any significant difference to the state's finances. Cuts to pensions (the bulk of social welfare)? I mean, good luck with that; no politician is going to run on a policy of annoying old people.