Irish Govt raises four-year austerity target to €15bn

**Vladimir** · 10-27-2010, 17:01

By "take precedence" does he mean you'll have both spending cuts and tax increases?

**gaelic cowboy** · 10-27-2010, 17:35

Originally Posted by Vladimir

By "take precedence" does he mean you'll have both spending cuts and tax increases?

The short answer is yes but there will be no change to corporation tax and there really talking about things like water charges, property taxes and other taxes.

**Vladimir** · 10-27-2010, 20:31

Originally Posted by gaelic cowboy

The short answer is yes but there will be no change to corporation tax and there really talking about things like water charges, property taxes and other taxes.

Thank you. Sounds like tough times are here for a while.

I doubt the U.S. will see solvency until after the baby boomers pass.

**drone** · 10-28-2010, 01:26

To help out, I will drink lots of Murphy's Stout. Anything to help our Irish friends out.

Originally Posted by Vladimir

I doubt the U.S. will see solvency until after the baby boomers pass.

And take Social Security with them

**gaelic cowboy** · 10-28-2010, 02:21

Originally Posted by drone

To help out, I will drink lots of Murphy's Stout. Anything to help our Irish friends out.

Good man I will have a word with the head of the plant to make sure the Virginia bound stuff is top notch as a thank you.

Originally Posted by Vladimir

Thank you. Sounds like tough times are here for a while.

I doubt the U.S. will see solvency until after the baby boomers pass.

Originally Posted by drone

And take Social Security with them

Pensions were never supposed to be paid out the average life expectancy at the time was less than pension age but by the time they came to pay out life expectancy had increased.

Were lucky in that our age profile is young so no big Social Security nightmare for us yet and I suspect we will never be implement it ever now.