Politicians need to face reality
Published 13/02/2011 | 05:00
Sir -- There are two huge elephants in our electoral room. One is our social welfare spend of €20bn, and the second is the public service pay bill of another €20bn.
The proposed cuts to these costs over the next four years amount to no more than clipping the elephant's toenails.
Given our income of about €30bn, it's not rocket science to deduce that the very most we can afford is €10bn on each of these big ticket items.