Friday 9 December 2016

Downgraded and drowning in debt pool

Published 26/08/2010 | 05:00

I AM exasperated -- the announcement by Standard and Poor's that Ireland has been downgraded again confirms what many have suspected for some time now: our country is going to drown in a pool of debt.

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It is obvious that the Government has no solution to our current malaise.

Our tax revenues are back to 2002 levels, and yet state expenditure remains largely intact.

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