How to cut $6 billion off the Irish deficit by reducing public sector wages
12 steps to reduce the Irish public deficit
The Sunday Tribune newspaper has created a novel way to cut Ireland's booming deficit by saving $6 billion (€4.3billion) by cutting back on government waste and inefficiency. A dramatic cut in wages of the judiciary, senior pubic servants and lowering the number of TDs would result in dramatic savings alone.
Read on to discover the potential savings.
1. Cut number of TDs to 100 and cap pay at $111,000 (€80,000)
Last year the cost of paying 166 TDs including secretarial assistance, travel expenses and additional allowances cost $62.4m (€44.7m). Cutting 66 TDs would instantly save $24.8m (€17.8m).
The average basic salary for an Irish TD was $150, 749 (€107,831) in 2009. Capping the remaining 100 TDs salaries at $112,000 (€80,000) would generate $3.9m (€2.8m) alone.
Total savings $20.6m (€20.6m)
2. Abolish the Seanad
The Irish government is split into two houses, the Seanad and the Dail. The Seanad is the upper house of the parliament and it's main function is in relation to legislation in Ireland. However all decisions made by the house can be overruled by the Dail. Which many argue negates it's necessity.
In 2009 salaries including allowances and travel expenses amounted to $13.1 (€9.4m).
Total savings $13.1 (€9.4m).
3. Cut judges salaries by $140,000 (€100,000)
In Ireland there are 145 Supreme, High, Circuit and District Court judges whose salaries totaled $36.6 m (€27.6m) in 2009. Annual pay ranges from $201,000 (€143,800) for a District Court judge to $426,536 (€304,974) for the Chief Justice. In comparison Chief Justice John Roberts of the United States Supreme Court is payed $217,400 annually.
Reducing all judges' pay by $139,860 (€100,000) could save $18.3 (€13.1m).
Totals savings $18.3 (€13.1m).
4. Cut salaries of semi-state bosses to $210,000 (€150,000)
Ireland is home to 28 commercial semi-state bodies including the 10 which operate our ports. Each body is headed by a chief executive whose salary is determined by the state. Brian Lenihan, Ireland's Finance Minister is currently reviewing the salaries of state bosses.
The most well paid semi-state boss is the Electricity Supply Board's Padraig McManus who earned a package of over $1million (€750,000) last year for completing his seven-year contract as CEO. By slicing the overall wage packets of semi-state bosses the state could save $4m (€2.9m).
Total savings $4m (€2.9m)
5. Abolish private secretaries, drivers, advisers and helpers attached to ministerial and constituency offices of Ministers and junior ministers
Total savings $22m (€16m)
6. Abolish all quangos
The estimated cost of the 95 agencies for 2010 alone is $7, 2367m (€5,174.3m). The larger spending agencies are responsible for distributing grants to fund colleges and universities etc, so they would still require funding if all agencies were abolished. However after extracting all the funding/grants from the cost of agencies the Government would still stand to save $1.2billion (€926.5m) from abolishing quangos.
- The New York Times questions Ireland’s highly-p
- Bah! Humbug! The ten worst things about Christm
- Racist incidents in Ireland up by 85 percent...
- Gay wedding cakes latest target of anti-gay...
- Spanish judge slams Ryanair’s sexist air...
- No Irish prosecution for man named as world’s...
- Offensive NFL sign outside restaurant just...
- How the Irish celebrate Christmas has changed...
- Dublin cops foil hit on drug kingpin John...
- No surprise as Pope Francis named Time Person...
Birds of a feather should stick together. The Irish are not chickens but pigeons carrying messages of good cheer far and wide. What a turkey the wriNelson Mandela, a true leader, was one of the greatest figures of his generation
As far as I know George Washington never planted bombs in public places to blow up innocent people. Nor did he torture or set fire to his enemies.Engaged couple fired by Catholic school for falling pregnant outside wedlock
Such lack of basic humanity that the church based school is showing is beneath contempt. This follows on the recent firings of a gay teacher when heMegyn Kelly says Santa and Jesus are white, get used to it (VIDEO)
Well I am going to have to demote Cahir of being the number one fool of today, It seems like Yahoo is calling Megyn racist too.