Notes on the Front

Commentary on Irish Political Economy by Michael Taft, researcher for SIPTU

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  • The Hulk Says: ‘CRUSH HOUSEHOLD DEBT’

    As a prelude to a more detailed discussion about the household debt crisis in subsequent posts, I’d like to present a few graphs that should become central to the debate. …


  • Those Darned Public Sector Pensions

    Public sector pensions – is there any three-word formulation more likely to angry up the blood?  Not likely (except, maybe, ‘public sector pay’).  Mention public sector pensions in polite company…


  • Childcare: On the Verge of Losing Another Social and Economic Opportunity (Again)

    We are on the verge of avoiding the fundamental issue regarding the childcare crisis; namely, that a private sector model of delivering childcare will keep the service beyond the reach…


  • Can It Really Be This Good?

    Unemployment falling to 13.7 percent.   Employment increasing by 20,000.  THe CSO's new Quarterly National Houshould Survey should be good news.  So why isn’t it?  When we dig a little under…


  • X + Y = Stagnation

    The CSO release two sets of data yesterday which shows show why we are into a period of what Tom Healy, Director of the Nevin Economic Research Institute, described as…


  • Back in the Fray

    Apologies for my long absence – all sorts of work to be done which meant this blog had to be parked for a while (a lot of work being done…


  • Tax Haven Dictionary

    Haven  / ha-ven:  (n) a place of safety or sanctuary; shelter.  [Old English hæfen, from Old Norse höfn; related to Middle Dutch havene, Old Irish cuan to bend].  Example:  ‘Ireland…


  • A Really Really Special Case Requires a Really Really Special Solution

    With considerable speculation about an impending deal on bank debt, with the Taoiseach and the German Chancellor jointly stating that Ireland is a ‘special case’, it is helpful to remind…


  • Let’s Remind Ourselves that Downsizing the Public Sector is Economically Daft

    With negotiations over an extension of the Croke Park Agreement starting today, it is helpful to remind ourselves how daft it is to downsize the public sector payroll in the…


  • Be Glad You’re Not Living in One of the Those Terrible High-Tax Countries

    The Government seems to have done a U-turn on the issue of tax exiles.  Despite the Programme for Government’s commitment on the issue, the Sunday Business Post reports that following…


  • End of Year Break

    Am taking a break from the blog until the first week of January.  Wishing all readers the very best in this holdiay season.  Rest up.  There is plenty of work…


  • In Search of Labour’s Half Billion

    In defending Budget 2013 Labour has argued that it contained €500 million in a ‘wealth tax package’ or revenue from taxation on high income groups.   This, goes the argument, is…


  • Deflationary, Dispiriting, Depressing

    This post was originally written for TheJournal.ie Child Benefit cuts, PRSI rises, respite care cuts, property tax, pension caps (eventually) – how does the budget look when we stand back…


  • Why Some People Will Get Hit Very Hard

    Whatever about the leaks, the underlying thinking in much commentary and policy analysis shows why some people will get hit very hard.  Yes, those on social protection should look out…


  • U-Turning Our Way to Somewhere Else

    The Independent has published leaked budget proposals (but, as always, check against delivery).  There are three issues covered:  cuts in Child Benefit and medical card prescription charges, and the imminent…


  • Means-Test Central

    The Troika is at it again – putting pressure on the Government to do something.  This time the ‘something‘ is to introduce more means-testing.   ‘The Irish Times understands that the…


  • The Unemployment Crisis: A Modest 0.7% Response

    Even the Government admits their policies are having little effect on job creation.  They expect unemployment to remain at 13 percent by 2015, a fall of only one percentage point…


  • I Want to be an Agent of Economic Recovery but They Won’t Let me Play!!!

    One of the keys to an alternative budgetary strategy is to stop cutting current public spending.  This would provide an opportunity to re-direct or re-invest productivity gains and spending efficiencies…


  • Claiming the Alternative

    How many times do we hear from those who criticise the critics of austerity – ‘well, what’s your alternative.’  That the alternative has been outlined and measured by a number…


  • A Small Slice of Workplace Life

    The following is a statement from eleven service-support workers who were made redundant by Chartered Accountants Ireland.  In the grand scheme of things it may be a small story –…


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Commentary on Irish Political Economy by Michael Taft, researcher for SIPTU