Speaking at a Sinn Féin meeting in Carrickmacross this week local Town and County Councillor, Matt Carthy, criticised the Government for proposing €4billion cuts in public spending while spending €54billion bailing out an elite of bankers, developers and property speculators.
Cllr. Carthy said:
“These are dark days for this country. Local Fianna Fáil councillors can sit back and feign mock compassion but in reality they do not have to live with the anguish that faces ordinary families – otherwise they could not have voted against motions to Monaghan County Council and Carrickmacross Town Council opposing NAMA - the political class is not just out of touch, it is downright rotten.
“The truth is that Fianna Fáil, with the support of the Green Party, have successfully screwed over the people.
“NAMA will see Irish workers on low wages, the unemployed and those dependent on social welfare thrown overboard to make room in the lifeboat for an elite of bankers and developers whose greed has brought the 26 County state to the brink of bankruptcy.
“The total cost of the NAMA robbery will be €54 billion. That’s approximately €12,000 for every man, woman and child in this state. But this is a necessary robbery, according to Fianna Fáil councillors. The banks lent too much to a small number of profit-mad greedy developers and the government cheer-led the whole sorry saga with billions in tax-breaks, and now our banking system has collapsed. The taxpayer is being made to step in with €54 billion and bail out the banks, the developers, property speculators and a corrupt government.
“We are now facing a situation where the government is telling us it must reduce the public spending deficit by €4 billion this December, while at the same time, it is arranging borrowing of over €54 billion to buy toxic loans from irresponsible banks. It has set up a ‘Special Purpose Vehicle’ to keep this borrowing off the government balance sheet, in an attempt to make it look like the country is borrowing less than it actually is. In truth, our public deficit would more manageable and we could even create a stimulus, as Sinn Féin’s pre-budget will show, if the NAMA plan were scrapped.
“The real damage of NAMA will not be known until it is too late. Already shreds of information are being revealed which show the involvement of private developers and investors in its operation. NAMA is the politics of postponement. The true damage of it will not be seen until this government is gone. It will be future generations of Irish people that will shoulder the heaviest burden of this legislation. And local Fianna Fáil representatives will protest that it had nothing to do with them – I sincerely hope that the Irish people see through them.”
Cllr. Carthy said:
“These are dark days for this country. Local Fianna Fáil councillors can sit back and feign mock compassion but in reality they do not have to live with the anguish that faces ordinary families – otherwise they could not have voted against motions to Monaghan County Council and Carrickmacross Town Council opposing NAMA - the political class is not just out of touch, it is downright rotten.
“The truth is that Fianna Fáil, with the support of the Green Party, have successfully screwed over the people.
“NAMA will see Irish workers on low wages, the unemployed and those dependent on social welfare thrown overboard to make room in the lifeboat for an elite of bankers and developers whose greed has brought the 26 County state to the brink of bankruptcy.
“The total cost of the NAMA robbery will be €54 billion. That’s approximately €12,000 for every man, woman and child in this state. But this is a necessary robbery, according to Fianna Fáil councillors. The banks lent too much to a small number of profit-mad greedy developers and the government cheer-led the whole sorry saga with billions in tax-breaks, and now our banking system has collapsed. The taxpayer is being made to step in with €54 billion and bail out the banks, the developers, property speculators and a corrupt government.
“We are now facing a situation where the government is telling us it must reduce the public spending deficit by €4 billion this December, while at the same time, it is arranging borrowing of over €54 billion to buy toxic loans from irresponsible banks. It has set up a ‘Special Purpose Vehicle’ to keep this borrowing off the government balance sheet, in an attempt to make it look like the country is borrowing less than it actually is. In truth, our public deficit would more manageable and we could even create a stimulus, as Sinn Féin’s pre-budget will show, if the NAMA plan were scrapped.
“The real damage of NAMA will not be known until it is too late. Already shreds of information are being revealed which show the involvement of private developers and investors in its operation. NAMA is the politics of postponement. The true damage of it will not be seen until this government is gone. It will be future generations of Irish people that will shoulder the heaviest burden of this legislation. And local Fianna Fáil representatives will protest that it had nothing to do with them – I sincerely hope that the Irish people see through them.”
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