Friday, 21st July 2017
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With the Government raking in over 3 billion euro from the sale of some shares of the people's bank AIB it is a strange decision that they have come to over what should happen with the proceeds. They are all going to be spent on lowering the national debt. This is what happens when a boring accountant with no creativity does when they get their hands on some money. They pay the bills. Of course bills have to be paid and it is right that they do spend some money on the national debt which is hovering at the 200 billion mark and costing a lot to service. But spending all of the money, all of the 3 billion on that seems ill conceived and lacking in a little creativity. It is not as if there are many other things that need some money being pumped into them. Then there are additional things like money for Brexit, to prop up the economy. Spend, say 2 billion euro on the national debt leaving a healthy billion to play around with. It's one off money and needs to be dealt with like that.

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