Well feck ya anyway. I seem to somehow have ended up on the side of the Green Party. I really would have felt better not knowing that.TheManFromFerbane wrote:http://www.votomatic.ie/Home.aspx
Turns out I'm a die hard Labour supporter??
Club125 has hit the nail on the head to a considerable degree, and this view has been espoused elsewhere on the main Irish discussion forums. Anybody who tries to argue that this election is about jobs, education, health etc are losing sight of it - we are going broke, we have no means to pay our bills and we will default. If you ask any political party how they will handle default if it comes about, they all brush aside the question and say that it won't happen - but then if you asked them three years ago how they would handle things if the banks went bust, they'd have given you the same answer - thus there is no plan and when the day does happen, we need to all live in fear because there is a real danger that it will be more seat-of-pants governance when the time comes about.
The funny thing is that the bond markets seem to have accepted this, it's only the Irish politicians and the eurocrats who say that we can come through.
(By the way, anyone who hasn't read Michael Lewis' article on the country yet really should - http://www.vanityfair.com/business/feat ... table=true)
Ridiculous and all as it sounds, the only way out of defaulting on sovereign debt is to separate sovereign and bank debt, and default on the bank debt. That's essentially the SF policy and while they are quite out of kilter on a lot of other things, the bare logic behind that position is fairly solid. As Club125 said, they are the only ones actually making some attempt to address the issue, the other parties are just ignoring the elephant in the room.
After all, we have three years left to balance the budget anyway. May as well cut the banks loose and balance it now, and that way if the bond markets decide that they don't want to lend to us for a while, no harm done. One year of balanced budget and they'll be falling over themselves to lend into us again.
All in all, there are a load of questions that I'd love to have answered - but I should point out here that I sent a list of such questions to every known candidate standing in Laois Offaly for this election. I even toned it down a bit to try and encourage a response - not one candidate bothered themselves to reply. Very disappointing.