Well if they can find £7 billion for Ireland, then why are we having cuts?

The latest wondrous lefty meme.

If Osborne can find £7 billion to bail out Ireland then why can\’t he find the £7 billion to stop the housing benefits cuts/shore up higher education/ buy planes for the carriers/to hang every member of the labour party?

For of course he can find such money: just tell the Bank of England to print a few more notes and hand them over.

But, and yes, there is a but, a however, this policy comes with costs. Printing money to spend in the UK would raise (by some, possibly trivial, possibly not, amount) future inflation. Or if we borrowed it we\’d have to pay it back.

And yes, the general calculation is that that inflation or debt would be more costly than the benefits to be gained from stop the housing benefits cuts/shore up higher education/ buy planes for the carriers/to hang every member of the labour party.

Similarly, the general calculation is that preventing the implosion of the economy next door, or its banking system, is worth more than the costs of such debt or inflation.

Yes, sure, there\’s always more money available but it always comes with a cost. And whether you agree or not the current government reckons that handing out £spadillion to every chav in the country isn\’t worth the cost.

Even if the chavs do generally vote labour.

5 thoughts on “Well if they can find £7 billion for Ireland, then why are we having cuts?”

  1. Of course there is the option of leaving euroland to look after itself- and re-directing the money to domestic use whether by paying down some of our debt, reinstating cuts or cutting taxes.

  2. Here’s a cunning plan – let’s not bail out Ireland, let’s not bail out the banks, let’s cut spending on civil servants and private sector largesse by a third, hey presto, annual deficit slashed to £nil.

  3. Mark you have to feel sorry for them, they have never worked in the private sector, never had to take care of costs and overheads, never had to watch cashflow, never had to have “difficult” conversation with their accountant.

    Come on have a heart whats your average out reach co-ordinator with 10 years experience and a degree in media studies going to do, put rivets on planes?

    How much wealth as the comrades on Liberal Conspiracy created for themselves and their country.? The vast majority of them are unemployable.

  4. Unfortunately, any bail-out will probably only postpone the evil day by which time mega-billions will have disappeared. Ireland should either default or leave the Euro. Except it ain’t that simple…

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