Comment: How Enda Kenny is doing exactly what Bertie did... and why it'll cost us dearly
Published 14/11/2016 | 02:30
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.
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.