New Events

National

no events posted in last week

Blog Feeds

Anti-Empire

Anti-Empire

offsite link North Korea Increases Aid to Russia, Mos... Tue Nov 19, 2024 12:29 | Marko Marjanovi?

offsite link Trump Assembles a War Cabinet Sat Nov 16, 2024 10:29 | Marko Marjanovi?

offsite link Slavgrinder Ramps Up Into Overdrive Tue Nov 12, 2024 10:29 | Marko Marjanovi?

offsite link ?Existential? Culling to Continue on Com... Mon Nov 11, 2024 10:28 | Marko Marjanovi?

offsite link US to Deploy Military Contractors to Ukr... Sun Nov 10, 2024 02:37 | Field Empty

Anti-Empire >>

Human Rights in Ireland
Promoting Human Rights in Ireland

Human Rights in Ireland >>

Lockdown Skeptics

The Daily Sceptic

offsite link What Fresh Hell is This? The Climate and Nature Bill Mon Dec 23, 2024 09:00 | Paul Homewood
If you thought eco zealot Ed Miliband was bad, wait until you get a load of the Climate Change and Nature Bill, which seeks to turbocharge the Net Zero agenda and already has the support of 192 MPs. Paul Homewood has the skinny.
The post What Fresh Hell is This? The Climate and Nature Bill appeared first on The Daily Sceptic.

offsite link The Daily Sceptic Christmas Appeal Mon Dec 23, 2024 07:00 | Toby Young
The Daily Sceptic's Christmas Appeal launches today ? an opportunity for readers to show their appreciation of the work we do. Remember, donating just ?5/month or ?50/year will give you access to a range of premium perks.
The post The Daily Sceptic Christmas Appeal appeared first on The Daily Sceptic.

offsite link News Round-Up Mon Dec 23, 2024 01:12 | Richard Eldred
A summary of the most interesting stories in the past 24 hours that challenge the prevailing orthodoxy about the ?climate emergency?, public health ?crises? and the supposed moral defects of Western civilisation.
The post News Round-Up appeared first on The Daily Sceptic.

offsite link Staff at ?100 Million Alan Turing Institute Attack ?Chaotic? Management Amid Diversity Row Sun Dec 22, 2024 19:00 | Richard Eldred
Staff at the ?100 million Alan Turing Institute have erupted in protest over a diversity row, accusing leadership of "tokenistic" hiring and sparking fears that the organisation's credibility is at risk.
The post Staff at ?100 Million Alan Turing Institute Attack ?Chaotic? Management Amid Diversity Row appeared first on The Daily Sceptic.

offsite link ?Our Irish Leaders Have Contributed to Hatred Against Jews? Sun Dec 22, 2024 17:00 | Richard Eldred
Ireland's Chief Rabbi has blasted the country's leaders for fuelling antisemitism, leaving Jewish children hiding their identities and many others afraid to wear symbols of their faith.
The post ?Our Irish Leaders Have Contributed to Hatred Against Jews? appeared first on The Daily Sceptic.

Lockdown Skeptics >>

Voltaire Network
Voltaire, international edition

offsite link Voltaire, International Newsletter N?113 Fri Dec 20, 2024 10:42 | en

offsite link Pentagon could create a second Kurdish state Fri Dec 20, 2024 10:31 | en

offsite link How Washington and Ankara Changed the Regime in Damascus , by Thierry Meyssan Tue Dec 17, 2024 06:58 | en

offsite link Statement by President Bashar al-Assad on the Circumstances Leading to his Depar... Mon Dec 16, 2024 13:26 | en

offsite link Voltaire, International Newsletter N?112 Fri Dec 13, 2024 15:34 | en

Voltaire Network >>

Repudiate the debt, instead of cutting services for the sick and the poor

category national | worker & community struggles and protests | press release author Thursday August 30, 2012 21:34author by Eugene Mc Cartan - Communist Party of Irelandauthor email cpoi at eircom dot netauthor address James Connolly House, 43 East Essex Street, Temple Bar, Dublin 2.author phone 087 9733414 Report this post to the editors

Press Release

COMMUNIST PARTY OF IRELAND

Press statement

Repudiate the debt, instead of cutting services for the sick and the poor

29 August 2012



The announcement by the HSE—which in fact is a Government decision—that another €130 million in spending will be cut is a direct result of the forced “bail-out.” As its statement makes clear, the HSE “has been set clearly defined budget targets by both the Troika and Government.” This is nothing more than a direct attack on the elderly, the sick, and the poor.

This year alone the government will hand over to international bankers and wealthy individuals nearly €5 billion in servicing the socialised corporate debt, a debt that is not the people’s debt nor their responsibility. The elderly, the sick and the poor are paying a heavy price.

The government are sacrificing our people and the services they rely upon to feed the avaricious greed of international finance capital. We need a change of direction and a new departure from the current failed economic and social strategy, one that will put the people first.

Related Link: http://www.communistpartyofireland.ie
author by leftypublication date Fri Aug 31, 2012 02:20author address author phone Report this post to the editors

That money could totally be covered (plus a surplus by the difference in interest rates between that due on the recent ridiculously large amount of money borrowed on the strength of soverign bonds by the NTMA at over 6% (5,800,000,000) and the going ECB rate (3%) under the current program

The NTMA borrowed this 5.8 billion at > 6% interest because "it's important for our soverignty to be seen getting back borrowing from the market" even though money is available at 3% currently from the ECB

Well that may very well be true but they could have just as easily sold maybe just 1 billion of bonds to "put their toe in the water". Why a whole 5.8 billion?? One suspects either basic mathematical innumeracy regarding percentages, callous disregard for the poor people whose livelihoods they are juggling and whose taxes they are spending, or maybe even corrupt sweet deals with big private capitalists in a zero or negative interest world. "Don't worry, the stupid Irish taxpayers will cover you at 6% interest".

so that 130 million cut to medical services could have been totally avoided if the NTMA just didn't borrow that much money at 6% and instead borrowed it from the ECB fund at 3% if they needed it, and thus saved the over 3% interest on 5.8 billion which comes to about 174 million.

174 million euro gone in a puff of smoke on a stupid political stroke which means nothing except for a few brief headlines in the newspapers.

But money which sick people in Ireland will be paying for for a long time to come with their health and maybe even their lives in some cases on long waiting lists etc.

Because like it or not, there is a direct link between financial crimes causing the loss of large amounts of public funds and people's deaths as a result of poor public health services or road maintenance etc etc. The sooner the Irish public start to link these two things and demand appropriate swift punishment for politicians and their financial terrorist and bankster friends the better.

This kind of political arrogance and hubris must end. The people behind these policies and stupid politically motivated financial decisions are irresponsible, have lost touch with reality and are not fit to hold public office.

fgdunces.jpg

 
© 2001-2024 Independent Media Centre Ireland. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by Independent Media Centre Ireland. Disclaimer | Privacy