FF's corrupt budget should not be passed. NAMA and blanket bank garauntee should never have existed, so roll it back, declare it illigitmate debt..

This Fianna Fail corrupt budget must not be passed ! Why should the poor and middle class pay for the mistakes of the banks and the so-calle elite!
Instead Ireland played nice to their bondholders, they invented the
National Asset Management Agency (NAMA), the planet's most fiscally
conservative "bad bank". A "system" t...hat prompted Nobel Prize-winning
economist Joseph Stiglitz to remark that the Irish government was
squandering state money to rescue banks.

The full story is available here: http://www.projectallende.org/archives/2010_11.html#000160#more

This
budget will place severe austerity measures on to the people of Ireland
in order to pay off the bondholder debt of private banks. Why should
the the people pay off the debts of bondholders?? ...The blanket bank
guarauntee was a major mistake...

THIS CORRUPT BUDGET SHOULD NOT BE PASSED !!!

This
Fiannna Fail budget will make the poor and middle class pay for the
mistakes of the banks and the elite - see Fintans O'Toole's article
today .. any budget must have the mandate of the people and therefore an
election must be called before... the budget takes place !!

Comment i noticed in the IT
The crux of the governance "mistake" is making the Irish people accept that their government is "responsible" to save the foreign bondholders who stand to lose a lot more than 81Bn. euros if the Irish banks default.

The Irish state is not responsible! For the Irish state to save the banks, if indeed this is either necessary or possible, is to commit financial suicide.

Why not take a leaf out of the Icelandic book on this? The bondholders are not Irish and hence should not be rescued by the Irish government. NAMA should never have existed (so roll it back, declare it illigitmate debt and go after the 100 person who created this debt both at home and abroad). The Irish government should have stuck to guaranteeing what governments do; bank deposits up to 100K or 200K, i.e. personal savings and nothing more.

Instead Ireland played nice to their bondholders, they invented the National Asset Management Agency (NAMA), the planet's most fiscally conservative "bad bank". A "system" that prompted Nobel Prize-winning economist Joseph Stiglitz to remark that the Irish government was squandering state money to rescue banks.

The full story is available here:
http://www.projectallende.org/archives/2010_11.html#000160#more

http://www.irishtimes.com/newspaper/opinion/2010/1123/1224283932871.html

These videos provide another interesting perspective..

http://www.larouchepac.com/node/16581

http://larouchepac.com/node/16583

http://larouchepac.com/warroom