There is no alternative
Raising corporation tax is out of the question; defaulting on debt is unthinkable; we cannot burn the bondholders; the deficit must be reduced to 3% of GDP by 2014. These are the incontrovertible "truths" postulated by the majority of our politicians. In recent days, the deficit myth was undone by the very people who created it with the announcement that the deadline for achieving a 3% budget deficit is to be extended to 2015. There is a better way for Ireland to progress beyond this crisis. READ MORE...