Almost half the Irish population is now in receipt of a social welfare payment from the government as the recession deepens.
New figures show that the cost to the exchequer is spiralling as long term unemployment grows.
Last year alone saw a 40 per cent increase in the total cost of payments to those on Jobseekers Allowance.
Shockingly, a third of all money spent by the Irish state in 2010 went to welfare recipients.
Figures from the Department of Social Protection confirm that a whopping $29.3billion was paid by the Irish government to welfare recipients in 2010.
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READ MORE:
Irish jobs minister says radical measures needed to reduce unemployment
New survey shows over 50 percent of young Irish fear emigration
The crushing reality of unemployment and hope in Ireland
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The figure is in stark contrast to the $19billion spent on the same basis at the height of the Celtic Tiger boom in 2006.
Children’s allowance payments were actually down in 2010, after a major clampdown on fraud, while pensions and other payments to older people made up 22 per cent of the 2010 expenditure.
Just under 20 per cent of the $29.billion paid went to the unemployed while 12.7 per cent went on child support payments.
The cost of the government’s Jobseekers Allowance scheme rose by $1.13billion to $3.95billion last year.
In spite of the huge sums involved, sources at the Department for Social Protection have denied there are any plans to cut unemployment benefit or other welfare payments next year.
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Switch to the desktop site to post a comment.sirpeter | Jul 22, 2011, 03:40 PM EDT
Throws fada and hits racist Georgie boy in the head.
adrienrain | Jul 22, 2011, 10:47 AM EDT
A misplaced fada turns 'good man' into 'good grass' - but they're both hard to find
GeorgeDillon | Jul 16, 2011, 07:31 AM EDT
A troubling story from Ireland today. Five Lithuanian migrants before the courts in Lurgan, Armagh in connection with a gang rape. I've mentioned before that one in three in Irish jails is a foreign migrant, of these I suspect the Lithuanians have a particularly high index of criminality.
GeorgeDillon | Jul 15, 2011, 02:54 PM EDT
Just been sent the figures for immigration to Ireland for June. Sorry IC doesn't allow me to post the link. It's on the Dublin government's welfare site. In any case, seems the rate is as bad as ever, almost 6000 migrants coming in in one month. That's just about 200 A DAY foreign settlers coming in. Truly reminds me of the great land grabs of our own US history, such as the rush for the Ohio Valley in the 1780s or the Dakotas in the 1870s. Is it any wonder that you see mostly foreigners in downtown Dublin, maybe four foreigners for every Irish person? But there's also the economic impact. This is a country that's broke, that supposedly has massive unemployment. Yet it's importing thousands of foreign settlers each month--almost 1000 Poles alone. Is there any sane person who supports this--I don't mean the sirpeter and the others who just foam at the mouth. I'd like to propose a new column for Irish Central, to be written by me. Let me call it "Dumb Things The Irish Do". My first "Dumb Thing" is to import thousands of foreign settlers even though there are supposedly no jobs for them. I have enough material to keep going till 2016.
GeorgeDillon | Jul 14, 2011, 11:02 AM EDT
Yet another absurdity from our resident clown sirpeter aka antoman. "Maith An Féar!" means Good Grass! I guess it takes an ass to enjoy his grass. That's about all that the Irish will have left to eat soon. Serves 'em right, they allowed their rulers and betters to give away their country. So maloney, "Good Grass!"
sirpeter | Jul 14, 2011, 10:31 AM EDT
maloney.Excellent!!Maith An Féar!! Another good Irishman willing to stand behind the Green Banner.You know the enemy.Give them no rest.
GeorgeDillon | Jul 14, 2011, 10:05 AM EDT
There are about 80.000 foreign migrants drawing unemployment welfare payments in Ireland. They get this regardless of how long they have worked in Ireland or how much they paid in. This is important, because many of them would have been near minimum wage while they were working, and paid little or no taxes. Their Irish employers made money off them, and then demanded that the Irish taxpayer pay for them when they were no longer of any use. The Irish government a few years back tried to implement a two year residency rule before people could draw benefits, but the bully EU shot them down. What amazes me is that no Irish politician ever reminds the EU about how much Ireland has paid out to EU migrants. I don't have time here to list all the other benefits they get. It's a vast burden on a bankrupt country, totally dead and unproductive money. They might as well make a pile of a couple billion euros, throw gasoline on it and set it alight for all the good it does to Irish society. There is of course very significant welfare fraud, by both Irish and settlers. I don't believe there has ever been a word of thanks from the governments of countries such as Poland and Latvia to Irish workers and taxpayers for giving their people jobs, housing them, teaching their children, giving them free health care, interpreting and translating for them, doling out generous welfare (maybe 20 times what they'd get in their own countries). Ungrateful Creeps.
GeorgeDillon | Jul 14, 2011, 09:43 AM EDT
I saw an interesting article on today's London Telegraph web site. It seems that folks in Germany are getting tired of the crime wave that has followed the lowering of border controls. It's a parallel to Ireland's migrant crisis, where fully one in three prison inmates is a foreign settler. I wonder how much bankrupt Ireland has to borrow every year to keep these foreign prisoners housed, fed and watered? Not to mention the huge costs of legal translation--these guys demand an interpreter when their cases are tried. Here's a short quote from the article: "The mayor of a German town on the Polish border has called for the reintroduction of border controls similar to those imposed recently by Denmark to combat cross-border crime. Klaus-Dieter Hubner, the mayor of Guben, claimed that since Poland joined the Schengen zone in 2007 thefts in the region have soared by 32 per cent..."
antoman | Jul 14, 2011, 05:10 AM EDT
@Sirpeter-LOL! Have a good one biy.
LilPaddy | Jul 14, 2011, 01:07 AM EDT
I'm so sorry for our Ireland.... To think that my people would be content with feeding off the labor of others, is beyond me... In my 50 plus yrs in the U.S. I have one day of paid vacation, not taken one penny from unemployment, workmans comp, welfare, foodstamps, or any other "handout" program..... And factoring that I have had 4 grandchildren... without having one "son in-law".... NOT ONE OF THEM/US WENT ON THE "PLEASE FEED ME" LINE.... What has happened to PRIDE??? (Or should I say DIGNITY!!) We Irish should be better than that.... Feed your Fn selves... YOU TOO MR. Obama..... (Moneygall shite)....
JimMcGarity | Jul 13, 2011, 11:26 PM EDT
Oh, just like the US
sirpeter | Jul 13, 2011, 10:46 PM EDT
antoman.To be honest I think we will both have to wait.That passion I was talking about is still for her husband the love of her life.But you never know as two highly intelligent,good looking and modest Corkmen with a healthy disdain for everybody but Corkmen.I have no doubt these qualities could attract a certain sexy angel from the North of the country.I wouldn't write yourself off yet though.Be wide of the beors antoman they never make a choice until they see the hard drive in action and weather you can control your upload.
maloney | Jul 13, 2011, 10:31 PM EDT
SirPeter..GD may have been born in America but there is a chance of it just being the after birth. America doesn't claim him nor does he represent any segment of America. I wouldn't concern myself with upsetting Irish Americans/Americans at all. Free the other hand and let it flow. Ignoring it won't make it go away. A full on wide open blitz is the only answer. I will endeavor to ratchet up my efforts in this just cause. Now let's throw the f*cks to em.
antoman | Jul 13, 2011, 07:49 PM EDT
@Sirpeter-Mamaginnty have the hots for ya now and I'm forgotten.How will I and my dog get through the night on Patricks bridge.
sirpeter | Jul 13, 2011, 07:36 PM EDT
antoman.Corkmen are good at doing it standing up.Judging by mamaginnty's fighting comments she is still a woman of passion in every way;)
antoman | Jul 13, 2011, 07:17 PM EDT
Just kidding.I too old for ya luv.
sirpeter | Jul 13, 2011, 07:17 PM EDT
maloney.I guess I did an injustice to that segment of the American people.It's not my style to do that to any section of a population in any country.But that rotting animal carcass who stinks up the land fill says what he wants when it comes to the whole Irish nation and with almost total impunity.I'm getting fed up with challenging this guy with one hand tied behind my back for fear of offending Irish Americans/Americans on this site.I have no problem with people insulting me personally or anything I comment on.But this guy is an American racist pr*ck who just insults the Irish nation.He represents YOUR people on this site.So maloney you either give him a hard time for his anti-Irish comments or better still everyone ignores his comments till he stops.Or I'm going to batter him with every sordid historic detail of the American people from American war hero Colonel John Chivington's bloodthirsty delight in cutting the genitals off Cheyenne and Arapaho women at Sand Creek to why half the world masturbated as the twin towers fell.I like all your comments Mr Maloney but then it isn't the Irish Americans he's pissing on.
antoman | Jul 13, 2011, 07:17 PM EDT
@Mamaginnty-When I said you had a Corkman either side of you love..I meant standing up like.
mamaginnty | Jul 13, 2011, 06:45 PM EDT
They want discussion and analysis of the issues of the day, hahahahahhahahha, GoergefrigginDillon who in thier right mind wants to discuss anything with you, all you can talk about is Africans, Poles, etc etc repeated and repeated, instead of foaming at the mouth about Ireland, go and get your own country put right.. you friggin f.....g asso, who does not work but sits with an itch in his pants ( he told us about the itch ) at the keyboard all day every day. quote " we in Ireland and America " you are not in Ireland you stupid madman. Thanks for all the comments lads about GoergefrigginDillon I thought I was the only one who realized this guy is sick and needs medical help but he won't get it free in his own country, like good auld Ireland.
antoman | Jul 13, 2011, 12:26 PM EDT
Once again georgyboy has proved his ignorance which is understandable in that what he perceives has been handed down to him by angst ridden anonymous teenagers on the internet is the truth.He starts by baiting with a nonsensical question as to why I or others are in favour of the settlement of Ireland by foreigners.It seems to have escaped his internet addicted brain that Ireland was long settled by foreigners closer to home,the English.It is as a result of English policy that so many foreigners immigrated to England and as a result to Ireland to.I expect they went there to see for themselves the country that had colonised their own.He frequently speaks of mass immigration to Ireland as if people from around the world had decided it were a bathtub worth clamouring into all at once.Yet georgyboy,from whom this singular diatribe issues on a daily basis is an American and thus a citizen of a country of immigrants.I put it to you ladies and gentleman that georgyboy is fu*ked in the head as a result of his own addiction to opinion whether it be his own or another on the internet.It is my contention that an arsehole has just torn himself a new arsehole with no assistance and whats more...done it publicly here on IC.
GeorgeDillon | Jul 13, 2011, 12:03 PM EDT
sirpeter aka antoman: yet another long diatribe, but not one point in favor of your support of the settlement of Ireland by foreigners. Why do you join a discussion site, if you're unable to discuss? Why don't you just join a cursing site, because that's mostly what you do. People don't open this site in order to read your foul-mouthed diatribes, they want discussion and analysis of the issues of the day. Get a psychiatrist (well, a different one). It's easy to see what you're trying to do, you want to sidetrack and derail discussion of Mass Immigration in Ireland. But it won't work, because you have nothing to offer but racist nonsense.
antoman | Jul 13, 2011, 11:00 AM EDT
Get a life outside of the internet georgyboy and don't put so much stock in what you read in various far flung forums.Its apparent to all and sundry that you have become psychotic and are regurgitating useless teenage trivia that you have read on sites.This is not healthy for you mentally and will only further damage you.Your repetitive juvenile diatribe is fed by what you read on the internet.You can no longer distinguish fact from fiction and instead you have become the proverbial teenage parrot and will be forever stuck in that loop until you yourself decide to get help or become an adult.It may seem amusing to you and perhaps you are uncaring of how you are perceived but in the long run it is only damaging to yourself and not to those who by now merely skip past what you type and instead read the next contribution.Get a bike and get a life.
GeorgeDillon | Jul 13, 2011, 09:49 AM EDT
I don't expect anything but slime from supporters of the corrupt gangsters of Fianna Fail such as our racist oaf sirpeter aka antoman. But even I am shocked by his latest foul-mouthed racist tirade. I have reported this racist to the management of Irish Central, but have little hope that his bigotry and racism will be silenced. In the meantime, I certainly will not engage in dialog with someone in the British National Front, sirpeter's equivalent of the KKK. Leaving this imbecile aside, I would point out to readers that none of my arguments against Mass Immigration have been refuted by any of its cheerleaders here. They don't even try. All the cogent points I have made have been met by abuse and slur. Maybe that tells us something? These people get away with this in Ireland, where the media, academics, Church etc. will sit on anyone who tries to start a debate on Mass Immigration. In the national parliament, the Dail and Senate, guess how many minutes in the past decade of Mass Emigration have been given over to debate the implications of this very problematic phenomenon? How about Zero? Zilch. Nada. This despite the fact that all surveys show at least 70% of the Irish people opposing Mass Immigration. These folks can be silenced in Ireland. I can't.
GeorgeDillon | Jul 13, 2011, 09:37 AM EDT
TomSwinford: I regard you as a tedious old bore, I have no interest in your opinion of me or what I write. Direct your nonsense in some other direction. I suppose you think that the Indian guys holding the "Eat At Joe's" signs in Grafton Street or the Eastern Europeans on the shoe-shine stand at Dublin Airport are the highly-skilled workers that Ireland needs? What utter stupidity on your part. And you don't even understand what those of who oppose Mass Immigration argue. We, in Ireland as well as in USA support selective, prudent and managed import of workers and professionals who can provide needed skills. That would include computer expertise as in the case you mention. So don't be a dope, find out what the other guy thinks before you pen some imbecilic response to something he never said.
GeorgeDillon | Jul 13, 2011, 08:50 AM EDT
GeorgeDillon, your endless hysterical rant about immigrants in Ireland is exaggerated, over-the-top and, above all, insufferably boring. You really need to get over it, grow a brain, get a life. Recently, Eric Schmidt, Chairman of Google, spoke in Dublin about the difficulty of finding suitable Irish graduates for IT jobs - and is hiring Eastern Europeans for positions in Ireland. Enough already! Separately but not altogether unrelated, Moody's has reduced Ireland's sovereign debt rating to junk status, Ireland now joining Greece and Portugal in that dubious ranking. Funny thing, growing up in Ireland in the 1960's the perpetual 'three sick men' of Europe were Ireland, Portugal and Greece - with Spain and Italy not too far behind. In the immortal words of Yogi Berra, "It's deja vu all over again." We shouldn't be surprised.
sirpeter | Jul 13, 2011, 08:10 AM EDT
Georgie boy.You really are some human slime that crawled out of some American scum swamp.Only a thick stupid yellow streak of infected piss like yourself would constantly drone on about innocent and mostly hard working immigrants in Ireland when YOU!! yourself obviously feel threatened by every non-white ethnic group in America like some redneck supremacist cracker trailer trash that you are.So why don't YOU!! spew your GROSSLY EXAGGERATED HEARSAY AND RACIST BILE somewhere else OR is IC the only forum who will put up with your dubious non-factual racist bullsh*t.
kinvara7 | Jul 13, 2011, 06:03 AM EDT
With regards the above figures: payments are made to over 1.4 million people, with 2.2 million beneficiaries. Of that, State Pension payments were made to almost 394,000 people and Child Benefit was paid in respect of 1,124,003 children (every child is entitled to child benefit regardless of their parents income or PRSI contributions; and those payments continue until the child is 16). About 52,219 are in receipt of a Carer's payment. The total amount breaks down something like this: Older People (22.1%) Widows, Widowers and One Parent Families (12.3%) Illness, Disability and Caring (16.6%) Jobseeker's Supports (19.6%) and Child related Payments (12.7%) Supplementary Welfare Allowance (4.6%) Employment Supports (2.9%). Administration of the social protection system accounted for 2.8% of the total expenditure.
kinvara7 | Jul 13, 2011, 05:49 AM EDT
In relation to immigrants and social welfare: in Ireland there are basically two ways in which a social welfare payment can be granted. Firstly if someone has made adequate contributions to the social insurance system (via PRSI) he/she may be entitled to a payment. If someone is not entitled to such a payment then they can apply via the second mechanism, which is ‘connection’ based. Keep in mind that the law treats EEA nationals differently to Non-EEA nationals. EEA nationals have no automatic Irish social welfare entitlements on arrival in the state. Directive 2004/38 EC sets out that EEA nationals have the right to reside in another Member State for three months so long as they do not become a ‘burden on the social assistance system’ of the state. In order to legally reside for longer then three months they must be a worker. Once they have entered the labour market they are defined as a ‘worker’ as long as that work is ‘real and genuine, to the exclusion of activities on such a small scale as to be regarded as purely marginal and ancillary’ EEA nationals working in Ireland are subject to the same conditions as national workers. They need to have paid adequate PRSI contributions in order to receive a contribution based payment. All Non-EEA nationals in Ireland need to have some legal status in the State in order to be eligible for a social welfare payment. In this category those who are granted the right to work and have paid sufficient social insurance (PRSI) contributions may be eligible for a contribution based payment. Those who are granted the right to work and do not have adequate PRSI contributions will have to pass a means test and prove an adequate connection with Ireland via the Habitual Residence Condition in order to be eligible for a payment. Asylum seekers or others awaiting a decision on subsidiary protection or humanitarian leave to remain cannot satisfy the Habitual Residence Condition and therefore cannot qualify for any mainstream payment.
antoman | Jul 13, 2011, 05:46 AM EDT
Bear in mind that georgyboy is not a full shilling or is that dime,he's American.We have read his comments here and I'm sure others here will agree with me when I say he is a racist and a bigot whose lot in life is reduced to further damaging his now psychotic mind by visiting forums and spewing his vile repetitive garbage.I fear he is a lost cause and the internet is primarily responsible for having reduced him to a troll in real life and not just on the internet.Where he seems to dwell 24/7.My solution would be to encourage him to go outside and ride a bike but I fear my advice falls on deaf ears.Curious it is I will admit, to seeing a person deteriorate mentally because he has come to believe his own words.
GeorgeDillon | Jul 13, 2011, 03:00 AM EDT
I would recommend the politics web site in Ireland to any Americans trying to get a handle on what's going on over there. (Sorry I can't post URL here) I've been following it for maybe two hears, but I've never seen such anger and frustration as I now see expressed. Obviously people are mad with the EU, with their political system etc. But I am also seeing more fury about Mass Immigration and the hundreds of millions doled out to foreign migrants. Here's a sample of one message--I could cite many such posts: "What is going on? 30% of those on the housing list in Fingal are African. My Dad had a stroke and we were told there was no money in the health board to pay for a home care package. He worked all his life. Is the state anti-irish?" Don't believe the LeprechaunLand version of Ireland that sir peter and other supporters of the corrupt system try to put forward here. The reality is much different. The people never wanted the settlement of Ireland by foreigners, it was foisted on them by a corrupt and venal political and business class and their stooges in the media, trade unions etc.
seamusdenais | Jul 12, 2011, 10:01 PM EDT
It's Time to Take over the world Mr. Spock!!!!!!!! We've been brainwashed by a select few who are mentally ill." All I'm saying is......Loans are BAD.. You have no peace of mind. Never will and will always be seen as a target for exploitation, abuse and subjective criminality by people who are evil enough to do this...
hancock | Jul 12, 2011, 07:43 PM EDT
You got to love the Irish telling America to get it's act together. Priceless.
GeorgeDillon | Jul 12, 2011, 04:55 PM EDT
I have reported this racist Fianna Failer sir peter. Worse even than the fact that he's a racist, or even that he's a Fianna Failer, he's a fool. I have little faith that this site will do what it should do with this goon, kick his fat white trash ass off the site for good.
GeorgeDillon | Jul 12, 2011, 04:49 PM EDT
sirpeter: Isn't it time you went back to the British National Front sites I hear you frequent? No racist bigot such as you is going to deny me my right to call it as I see it. If you were in the US you'd be running around with a white sheet over your stupid racist head. Some of my black friends would love to whup your white trash fat ass. Racist trash like you should crawl back to whatever filthy corner you came out of. You're too dumb to discuss any issue cogently, all you can do is throw dirty racial slurs around.
sirpeter | Jul 12, 2011, 04:35 PM EDT
Georgie boy.You post an endless tirade of sh*te and nonsense.I know a girl in Florida who is afraid to stand anywhere near her windows because "some" Latinos on welfare are firing off their guns in their drunkenness while partying.You really are a despicable racist.
sirpeter | Jul 12, 2011, 04:34 PM EDT
Georgie boy.You post an endless tirade of shite and nonsense.I know a girl in Florida who is afraid to stand anywhere near her windows because "some" Latinos on welfare are firing off their guns in their drunkenness while partying.You really are a despicable racist.
aoibhinn | Jul 12, 2011, 04:19 PM EDT
What is amazing is that durning the boom, when we were adsorbing immigrants and had labour shortages we were still paying $19 Billion in welfare mostly to "long term" unemployed !
cillowen | Jul 12, 2011, 04:12 PM EDT
socialistic medicine works elegantly for germans and could work also in Erin if the leadership could be trusted - and to - not sell out to foreign controller freaks. queenie willi kate and royals galore on welfare, example
peterson | Jul 12, 2011, 03:49 PM EDT
KATIEMAC--- YOUR ARE ABSOLUTELY CORRECT !!
GeorgeDillon | Jul 12, 2011, 01:15 PM EDT
Momma Ginnty, maybe Ireland is fine for welfare recipients like you. But for folks who actually work for a living it most certainly is worse than the USA. Why the hell do you think there are lines at the US Embassy in Dublin? Last time I checked, there were no lines of people looking for working visas outside the Irish Embassy in DC. My cousin who is a teacher in Ireland has seen her take home check drop by more than 20%. There is nowhere in the US that that has happened, or could happen. She resents her taxes going to keep Poles, Russians, Africans etc. on welfare. She goes out to work before 8 a.m every day, and the Africans who live near her in rent-free housing are still snoring. She's in bed by ten each night, and the unemployed Poles nearby are just beginning to party with cheap vodka. Have you even BEEN in the USA? You sound so ignorant.
howareya | Jul 12, 2011, 01:11 PM EDT
George...you point out the stupidity of Irish policies when we are doing the same here in the U.S. except we are financing illegals. At least in Ireland most of the went over legally.
kinvara7 | Jul 12, 2011, 12:16 PM EDT
Payments are made to over 1.4 million people however the total number of beneficiaries is 2.2 million. If you break down the figures it looks something like this: Older People (22.1%) Widows, Widowers and One Parent Families (12.3%) Illness, Disability and Caring (16.6%) Jobseeker's Supports (19.6%) and Child related Payments (12.7%) Supplementary Welfare Allowance (4.6%) Employment Supports (2.9%) Administration of the social protection system accounted for 2.8% of the total expenditure. So behind the figures are carers, pensioners, those who receive child benefit (Child benefit is paid to every child, subject to the habitual residence requirement, until they reach the age of 16, regardless of the income of the parents or their PRSI contributions) and people with disability etc., not just the unemployed. Changes do need to be made, but those changes need to be rational and based on a genuine desire to improve the system and achieve savings that do not impact on the lives of those who genuinely require State assistance. The idea that, for example, a Polish person who has lived and worked in Ireland and paid taxes to the State should be treated differently if he or she looses their job is flawed. Indeed I would advise caution against those who would jump upon the above figures to promote their usual agenda.
mamaginnty | Jul 12, 2011, 11:31 AM EDT
To true Trealach, things might be bad here but not as bad as America or U.K. Welfare will not be cut more, but household charges will go up a bit, but we will survive we always do. Thousands of immigrants have been leaving in the last year or two, any who have jobs ...well what can you do, can't tell the boss " sack em I want the job " we won't put up signs saying whites only, we had our share of similar in the North of Ireland with "catholics need not apply" Immigrants are not to blame for the mess the country is in..Germany and France are the culprits, just as they did with Greece and Spain, investing big, losing big, but still expect to get the money back as bondholders. America is in a bigger mess than Ireland, and they are not in the E.U. who have they to blame..
sirpeter | Jul 12, 2011, 11:15 AM EDT
If this headline includes Children’s allowance payments then there might be half on welfare payments.Considering everyone with kids is entitled to children’s allowance payments weather rich or poor,working or not working then it's true.But I get the impression it's just another IC headline that's trying to mislead people.
Nicomax | Jul 12, 2011, 10:49 AM EDT
"believe in these figures"? What is that all about? Are these figures from the Irish government or made up by the newspaper?
Trealach | Jul 12, 2011, 10:26 AM EDT
Anyone believing those figures clearly still believes in Santa, the tooth fairy and leprechauns - but then Americans still do believe in them. It's interesting how this low grade tabloid can never report correctly, and ALWAYS omits to mention that while unemployment is 14% EMPLOYMENT is 86%.
Trealach | Jul 12, 2011, 10:23 AM EDT
How come the pubs are still full every week-end????
CitizenWhy | Jul 12, 2011, 10:00 AM EDT
You forgot to mention the most expensive welfare recipients - the German and EU banks who made totally unbusinesslike loans to the badly run privately owned Irish banks. The Irish government is now paying the debts of its privately owned banks to these German and EU banks. And on top of that must borrow large amounts, at steep interests rate,to pay those debts. ... If the Irish government continues to meet the terms of its alleged "bail-out" - borrowing huge sums to pay the debts of one privately owned bank to another, foreign privately owned bank- then its tax base and its economy will continue to shrink, unemployment and welfare will ballon, and that generally means depression.
GeorgeDillon | Jul 12, 2011, 09:03 AM EDT
That country is truly heading for disaster. Welfare for all will have to be slashed, but first to suffer should be the hundreds of thousands of welfare recipients who are not Irish. There are for example thousands of African migrants unemployed in Ireland. They get a vast range of benefits, from child welfare payments, free education for their children, free housing. They give nothing in return. Essentially, the Irish taxpayer is paying these Africans to live in Ireland. And what the taxpayer can't pay the Irish borrow from the IMF etc.! Some silly posters here object to my pointing out the stupidity of Irish policies, but I certainly will continue to highlight lunacy when I see it.
LoyalCitizen | Jul 12, 2011, 08:24 AM EDT
You will have to get one hell of an education to workout how bad it is going to get and what it would take to fix it.