Putting cash into people's pockets must be top priority
FINANCE Minister Michael Noonan is sounding very jaunty these days. His comments about possible leeway in October's Budget are perhaps his most optimistic yet. It seems that Mr Noonan is pondering whether he should keep to the present course, ease the planned austerity measures, or use the spare funds to invest in the economy.
It is a long time since a Finance Minister has had to ask himself questions like this.
This newspaper believes Mr Noonan's first priority must be to put money in people's pockets again. There are good arguments to be made for sticking to the present course and there are good arguments for investment – but nothing is as effective as cash spread evenly throughout the economy.