Tuesday 16 January 2018

Cutting national debt draws a line under crisis

'There is an idea gaining currency that taxpayers will see no benefit if cash from the sale of AIB shares is used to pay off a slice of the national debt'. Stock photo
'There is an idea gaining currency that taxpayers will see no benefit if cash from the sale of AIB shares is used to pay off a slice of the national debt'. Stock photo

Donal O’Donovan

Hard as it is to credit, there is an idea gaining currency that taxpayers will see no benefit if cash from the sale of AIB shares is used to pay off a slice of the national debt.

According to this line of thinking, using a win on the scratch cards to buy a new car makes sense, but using it to pay off the mortgage doesn't.

That a senior politician like Labour leader Brendan Howlin is coming out with this stuff suggests the expensive lessons of the crash were wasted on many of us.

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