Today’s Irish Times report of cuts in Latvia – in state salaries, pensions and old age pensions for those still working paints a harrowing picture. However we will not tax our way out of our own difficulties – no matter how much it may suit certain groups.
We’ve had significant tax increases. We’re still waiting for the plans on cost cutting. Media speculation is that the current government may struggle to bring in another tough budget (if they don’t and a replacement government doesn’t then the IMF will do it for us – god forbid).
Need a National Government – FF & FG – prmoting a structured plan for recovery over a three – five year time frame: pushing through radical reform on the cost side, not simply increasing taxation.