Tuesday 6 December 2016

Comment: How Enda Kenny is doing exactly what Bertie did... and why it'll cost us dearly

Published 14/11/2016 | 02:30

Taoiseach Enda Kenny meets puppets from the TV show ‘Brain Freeze’ at a ‘Celebration of Science’ showcase in Government Buildings on Saturday, ahead of Science Foundation Ireland (SFI) Science Week, which starts today. On the left is SFI director Professor Mark Ferguson. Photo: Naoise Culhane
Taoiseach Enda Kenny meets puppets from the TV show ‘Brain Freeze’ at a ‘Celebration of Science’ showcase in Government Buildings on Saturday, ahead of Science Foundation Ireland (SFI) Science Week, which starts today. On the left is SFI director Professor Mark Ferguson. Photo: Naoise Culhane

We have been here before and it cost us all dearly, in the recent past. Bertie Ahern bought industrial peace with the largesse of bloated short-term building-sector tax revenue.

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Now Enda Kenny's minority Coalition looks set to do much the same thing, this time with borrowed money at a perilous time for an economy facing Brexit and other shocks.

When the crash happened in autumn 2008, two-thirds of our problems were down to excessive public spending of money we suddenly no longer had. One-third of our difficulties related to the need to prop up our collapsed banking system.

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