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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (43338)	5/21/2010 12:00:37 PM
From: DuckTapeSunroof	Read Replies (1) \| Respond to of 71588

There is no dispute however about the fact that Ireland's severe cutback in spending (and rise in taxation... both done to help narrow their national deficits over the long-run) have increased the severity of their down turn (and the size of their deficit) over the SHORT-RUN. The short-run, (quarter-to quarter), numbers are already in of course.... While we will SEE what the long-run results are. (I see no contradiction whatsoever, and I fully believe, that the actions they have taken will both worsen the severity of the Irish economic slump over the near-turn... while also strengthening the prospects for real growth over the long-run.) There simply are no 'free lunches'.