Tuesday 28 February 2017

Opposition shock rings a bit hollow

Fine Gael and Labour want to be in government to solve our problems but neither appears to understand basic maths.

The media has clearly spelled out that we are spending €22bn more than we take in revenue each year and borrowing the difference, plus the bank bailout costs, at 6pc per annum. Some commentators have been pointing this out since before 2008.

Both parties have been 'shocked' at the figures they were given in the Department of Finance and especially by the cost of borrowing and what it might rise to if left unchecked.

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