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.
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.