Saturday 21 October 2017

Austerity is not kinky fringe-sadism

• The No camp wants us to send a clear message to Europe and the world that we, the proud Irish, will only accept those bits of austerity which we like, (ie none). And that we will only play by already agreed rules which suit us and that austerity is only a nasty type of kinky fringe-sadism thought up by a bunch of crazy academics in the Chicago School of Economics.

Those of us who have actually experienced periods of personal or family financial leanness know only too well that when the household accounts are in the red, the debate over the kitchen table about austerity is not 'whether' but 'how' and 'how much'. Thousands of Irish families are in this situation right now. Yet, though we are where we are because of gambling on a mega-galactic scale, the No-Nos want us to gamble yet again on a bunch of 'nice-if-they-happen' but unverifiable -- and unbankable -- possibilities.

In the good old days, if you went to look for a mortgage or an overdraft, and said you were going to finance it by winning the sweepstake, digging up the pot of gold at the bottom of the garden or stumbling over a suitcase of notes, you would have been shown the door.

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