Thursday, November 25, 2010

Protects the Least Well Off?

Ollie Rehn says the 4 year plan protects the least well off:
The EU Commissioner for Economic and Monetary Affairs Olli Rehn has said the Government's four-year fiscal plan "strikes a good balance of durable expenditure and revenue measures, with due regard to protecting the least well off".
Well I suppose it you are a property developer who owes €100 million to NAMA or a bank that owes €10 billion to bond holders then from a pure mathematical perspective you may be worse off than someone on the dole who only owes €100 to a money lender so they can buy Christmas presents for their kids. Unfortunately the rest of us may have different ways to measure who is the "least well off" and I'm pretty sure its not the people who were protected by Fianna Fails 4 Year Plan.

But it does seem to me that the most protected group were the Green Party who in return for their support over the next 2 months and for not forcing an election this week will get their multi-billion Metro from the Dail to the Airport. We may not have jobs, pensions or hospitals but we'll find the trip to the emigration airplane will be much nicer.

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