It hurts so good

It is good news. But first step in many needed to remove bank debt from the taxpayer.

If it means tax breaks in reality any savings will be given to Tierneys farce. Still better than having to find more savings in the household. As it stands the decision to pay the bin men of water men in January stands

How do you plan to prevent it from being automatically deducted at source?

Most of our debt was incurred in order to keep the lights on (pay public sector).

What party is that ?

@Ian, Micheal Noonan may have been the worst cabinet minister this country has ever had, he was a disaster in Justice, a disaster in health and now a disaster in finance.

He confuses the stock market doing well with the economy doing well, he thinks short term games about figures is the same as long term stability, he’s replaced progressive taxation with a load of regressive stealth taxes that take no account of how much a person actually has, he’s done nothing to stop what happened in the 2008 crash happening again, not a damn thing, no reforms….he’s a terrible minister…these are the people who foamed at the mouth when BL and BC were struggling, and they ended up doing the exact same stuff.

He’s not done any financial reform that’s his biggest failure, we should be doing that at home and pushing for it at EU level, and through diplomatic channels pushing the US to do it as well as all banks globally are interconnected now.
I’m not a member of any party ATM and I consider myself neutral, there are 1-2 good minister in this cabinet he’s not one of them.

@O’Reilly 75% of SFs current membership were not even born when she was killed, and nobody in the SF party has been even connected with the murder. For all you know it was provos who were not members of SF.
Every party in this state except the Greens, ULA and PD’s came from violence. FGs predecessor party oversaw a govt where rebels were marched by soldiers over land mines, where prisoners chained in rooms had grenades thrown in through the windows. FFs predecessors thought the Oath of Allegance was worth a civil war in 1921 but just an ”empty formula” duing the 30s when they got a sniff of power, and one of their longest serving leaders kept us neutral in a war against a genocidal maniac trying to exterminate and entire race and paid condolences on his death. Labour had the history of violence with the citizens army and the stickies….they all came from violence.

Not to mention accountability!

He was doing what he thought was best. The McCole case must be 20 years ago now. Let’s move on.

O Reilly. If you are truly concerned about disappeared then read Harry Foley’s story today and lobby your party in government to release the files and details of these illegally disappeared children. Then we might give some credence to your constant abuse of Jean Mc Conville’s memory for cheap political point scoring.

You don’t get expenses for things related to your job? So if you had to go to cork on the train for work of fly to the UK for a meeting you would pay that out of your own salary? That’s not actually terribly legal, you should probably talk to someone about that.

TD’s get around 7 million a year in expenses and allowances and senators another 2. The entire cost of salaries and allowances and expenses for Councillors is around 25 million a year.

You shouldn’t tell lies, it’s bad for democracy. We can berate them for genuine errors but lies just reduces trust and makes us worse off.

Denise, your employers buys stuff you need to do your job. That’s expenses.

Budget for Oirechtas is in region over 100m a year. Too high and attendance money is ridiculous but nowhere near your estimate

TDs and Senators get expenses for food,clothes, travel, not many workers get that. It’s a scam

David I don’t know about you but I have to provide proof of spending before claiming expenses unlike the TD’s in the Dail,

TD’s have to keep accounts aswell Kerry.

That figure looks a “bit” too high ..When John O’Donoghue lost his seat in 2011 the expense bill went down by €400 million.

So people who have to travel from the arse end of the country to Dublin to attend the Dail shouldn’t receive expenses Denise? While expenses may be a bit on the generous side they should not be expected to pay theses costs from their salary.

talking about lies David. then every politician including noonan are the biggest liars on the face of this planet. and when people complain about this. idiots like you make snide remarks. our public representatives should be held accountable and answer to the people for wasted money AND expenses the they use. about time they realise they work for us. not the other way round.

Exactly,Ryan !

In fairness Cowan signed up to a 4 year agreement with less than a year to go in government. And he still picks up 140k a year from us plus we have to listen to idiot little brother courtesy of the same fools that voted himself in.

Thanks Peadar, that made me laugh..

@Jim…..respond to Peadars comment if u want but no one really cares if u want to ‘go out on a limb’ and start making guesses about what political party he supports……it’s a bit random, pointless, silly, self-serving, manipulative, trollish blah blah…..

Thanks for feedback Eire.
The point I was trying to make was that even good news can be viewed negatively depending on your political persuasion.

Sean

Ireland being granted permission to pay back IMF debt earlier – thanks to Mr Noonan’s negotiation skills – means savings in annual Interest charges of approx €300 m + for next five years.

The Debt mkts are kinder to Ire now as overall national debt position is stablished and country is on road to economic recover, so IMF debt can be replaced with much cheaper debt.

€300 m + annual saving represents real cash that the Gov can utilise for each of next years.

Reducing USC would offer the smartest option for this “windfall” as every taxpayer gains and more spending power means more economic activity; jobs, taxes etc.

Using the €300 m in this way, as opposed to offsetting against Nat Debt, creates more immediate value for all.

Mr. Noonan now needs to get cracking on some sort of relief from EU for Ireland’s Banking losses, now capitalised as part of our Nat Debt.

This circa €60 bn hot potato should be charged as a Project Cost in EU’s own Budget, in bedding in Euro project.

Reclassification in this way would reduce annual interest charges here by about €2 bn, and reduce or ND by a third.

After all, each eurozone nation will benefit into the future from the lessons learnt from Ireland’s 2002 to 2008 experience, where cheap money and egregious regulation by ECB and our own Central Bank led to the nightmares.

€60 bn absorbed over say 10 years on EUs books is Petty Cash, whereas with Ireland, it’s serious dough.

Get hustling that EU lot again Michael!

Exactly! The Hustler himself , except we are the one’s being hustled. A one card trick man! A nation of compliant masochists , with some of us mugs thanking the FG/LAB pickpockets .