Noonan loves his fiscal policy buzzwords - but voters should be wary
At the weekend, Finance Minister Michael Noonan said the fiscal space available for tax cuts and spending increases over the next five years was more than €12bn - which is strange, because his own department put the figure at €8.6bn a few short months ago.
Every so often, a new buzzword enters the political lexicon and begins peppering politicians' speeches with bewildering regularity. The latest illustration of this phenomenon is "fiscal space", which recently became ubiquitous.
As far as jargon goes, fiscal space is perfect for politicians because it sounds relatively erudite but no one really knows what it means. This allows TDs to throw the term around, in response to awkward questions, with no one interrogating the bona fides of what they're saying because they're too bamboozled by the phraseology.