Tuesday, February 3, 2009

What a Country

Well Ladies and Gentlemen,
Today, you got a pay cut. It may have been worded as a pension levy but the will not console the 30 year old married couples with a mortgage whose pensions are thirty five years away.

Immediately, people whose wages are being cut will cut back on expenses such as broadband, sky etc.
Inevitably, this will further dampen the economy and cause more job losses.
This short sighted attack on wages is an idiotic move by an increasingly desperate looking goverment.

What if, however, there was a way out without cutting people's wages while forging ahead with capital investment projects and infrastructural improvements? Where could one find this magic bullet? Does it even exist?

Yes it does. Off our shores, where billions of euro of fishing rights have been given away to our European neighbours (even the ones in excess of 800 miles away), we have also given away up to 1 trillion euro of our gas and oil. That 2 billion euro of required savings kind of pale into insignificance, doesn't it.

Time to take a stand, minions.

Let it begin.