The Eruo's Future

[SlapStick 0]

Austerity measures. The reasons your 'government' is avoiding this is because it would have a significant and almost immediate impact on your standard of living, which in turn would cost them their jobs. The greatest weakness of any democracy is that it incentivizes the bureaucrats to take a myopic view of everything as a matter of job preservation.

I hope this is a BG style post and you don't actually believe that.They are planning on making drastic cuts that will affect our standards of living anyway, there has already been riots about some of their plans and they are sticking to it. So as to answer why they are refusing the money: I'm still lost.

[AmScray 355]

I hope this is a BG style post and you don't actually believe that.They are planning on making drastic cuts that will affect our standards of living anyway, there has already been riots about some of their plans and they are sticking to it. So as to answer why they are refusing the money: I'm still lost.

Probably because they don't want the IMF dictating what those austerity cuts would be, which they would do if they were keeping you afloat. I don't think you really comprehend what some of those austerity measures are.I did give some more thought into the country forcing everyone in Ireland to perform Riverdance to help pay off the debt, though. Could you imagine how great it would be to watch a bunch of angry and embittered, half-drunk Irishmen being forced to dance?I made an animated GIF of what I thought this might look like...........Seriously. A couple of years of this, you could generate enough revenues from the shows to pay back a lot of that debt.

[akoff 0]

Ireland is almost going under and it seems are being pressured to take bail-out money. From what I know, many countries that took money from the IMF had to agree to all sort of radical economic changes: Bolivia, Thailand and many more. None of these situations ended well. I've been reading a lot online and even used wikianswers but can't find out: If we took the money, what would we have to agree to and what would be the actual long lasting effects? I'm sure there are great reasons why my government are refusing to take billions to save us, I just don't know why. If anyone has any idea, much appreciated.

Around a year ago I got killed on here for making fun of some comment made about Ireland being this great new economic structure. It may well have been deserved at the the time due to me really just spouting off...then again it appears I may have been spot on based on this. Bottom line is if you argue for conservative fiscal management you will never go wrong...something are just very basic. Lets relearn our lessons from our socialist friends accross the pond before it is to late.

[SlapStick 0]

Probably because they don't want the IMF dictating what those austerity cuts would be, which they would do if they were keeping you afloat. I don't think you really comprehend what some of those austerity measures are.

That's what I'm asking, by taking it they have to conform to whatever the IMF demands. Those kind of cuts etc. Maybe that seems like common sense that they will. I can't find anywhere what they would actually have to do. I just read the Shock Doctrine so I'm pretty much terrified of the IMF.

I did give some more thought into the country forcing everyone in Ireland to perform Riverdance to help pay off the debt, though. Could you imagine how great it would be to watch a bunch of angry and embittered, half-drunk Irishmen being forced to dance?I made an animated GIF of what I thought this might look like.Seriously. A couple of years of this, you could generate enough revenues from the shows to pay back a lot of that debt.

I'm...too hungover to attempt to respond to this.

Around a year ago I got killed on here for making fun of some comment made about Ireland being this great new economic structure. It may well have been deserved at the the time due to me really just spouting off...then again it appears I may have been spot on based on this. Bottom line is if you argue for conservative fiscal management you will never go wrong...something are just very basic. Lets relearn our lessons from our socialist friends across the pond before it is to late.

Ireland has been privatizing state owned companies and doing all sorts of pro-capitalist stuff. Calling it socialist is pretty funny. Bertie Aherne said he was a socialist at heart was laughed at for over a year, it still brings a smile to my face.Ireland's banks completely dropped the ball and gave out loads of unstable loans and were going under. Ireland made the decision to bail them out and is now almost bankrupt. You were spot on about nothing; asides from making a comment about Ireland's economy not being too good a year ago while they were ALREADY IN DEEP RECESSION.

[mk 11]

http://www.ft.com/indepth/ireland-fiscal-crisisdoubt IMF will be involved in any bailouts here. EU has the capacity to take care of it on their own.

[akoff 0]

That's what I'm asking, by taking it they have to conform to whatever the IMF demands. Those kind of cuts etc. Maybe that seems like common sense that they will. I can't find anywhere what they would actually have to do. I just read the Shock Doctrine so I'm pretty much terrified of the IMF.I'm...too hungover to attempt to respond to this.Ireland has been privatizing state owned companies and doing all sorts of pro-capitalist stuff. Calling it socialist is pretty funny. Bertie Aherne said he was a socialist at heart was laughed at for over a year, it still brings a smile to my face.Ireland's banks completely dropped the ball and gave out loads of unstable loans and were going under. Ireland made the decision to bail them out and is now almost bankrupt. You were spot on about nothing; asides from making a comment about Ireland's economy not being too good a year ago while they were ALREADY IN DEEP RECESSION.

I was calling Europe socialist...Ireland just happen to be part of it. Having never supported a bailout yet, regardless of the country, i am still feeling pretty good about being right more often then not. Even the TARP bill which apparently was a huge success (according to reports) i wasn't a fan of.

[hblask 1]

The Chinese model seems to be the right one. A carefully planed, forward thinking totalitarian dictatorship, facilitating productivity and performing *just enough* political incarcerations and executions to keep the rabble on their toes.

I started to reply "...except for that police state thing....", but then I remembered that the US has more people in jail per capita than China. The US has 715 prisoners per 100,000 people, China has 119. Nearly half of the prisoners in the US are there for victimless crimes.

[vbnautilus 48]

I started to reply "...except for that police state thing....", but then I remembered that the US has more people in jail per capita than China. The US has 715 prisoners per 100,000 people, China has 119. Nearly half of the prisoners in the US are there for victimless crimes.

Yeah, but that doesn't count the chinese who were disappeared.

[SlapStick 0]

doubt IMF will be involved in any bailouts here. EU has the capacity to take care of it on their own.

Thanks for the link.From everything I read, the bailout fund is an ECB-IMF joint fund. So they'd be involved it appears although Britain is talking about loaning us directly.An Israeli economist used the analogy of the EU being a crime family and Ireland is a young cousin that ****ed up. So they are sending in Tony Soprano/IMF-ECB to help them out. He'll definitely fix it but knowing Tony Soprano, hes always going to come out on top.I like Soprano Economics.

[SAM_Hard8 50]

Yeah, but that doesn't count the chinese who were disappeared.

or flat out executed

[LongLiveYorke 38]

Bottom line is if you argue for conservative fiscal management you will never go wrong...something are just very basic. Lets relearn our lessons from our socialist friends accross the pond before it is to late.

A chart of Ireland borrowing/lending as a percent of GDP:http://www.imf.org/external/pubs/ft/weo/20...mp;grp=0&a=Look at the years 2003-2007. Notice that the numbers are POSITIVE, meaning that during those years Ireland had a budget surplus. I'd say that's pretty much the epitome of "conservative fiscal management."So, with that great balanced budget, how did they get into this crisis? The reason, of course, is not due to government expenditure or anything related to socialism. It's because there was a massive bubble in housing prices that popped in 2007/2008, eliminating trillions of dollars in international wealth. On top of that, there were various financial mechanisms that linked the prices of housing to almost every other part of the economy.

[SlapStick 0]

Also that the government never looked into what the banks were up to and they were loaning like crazy with some Bank executives earning over 100k euro a week at some point. When one respected Irish economist professor came out and said in 2005 that there will be a bubble burst our Prime Minister Bertie Ahern responded at his parties annual conference "I don't know why people like that don't commit suicide"

[strategy 4]

11/12: IRELAND: NO BAILOUTS NEEDED HEREYESTERDAY: IRELAND: OK FINETODAY: SPAIN+PORTUGAL: NO BAILOUTS NEEDED HERE

[SlapStick 0]

Well...that's not nice to hear http://krugman.blogs.nytimes.com/2010/11/2...opes-periphery/One party who will do well from this is Sinn Fein. Gerry Adams has already announced that he will run for a seat in the Republic, and all 4 Sinn Fein members in our parliament have tabled a no confidence vote which will bring a lot of support from the scared public.