tag:blogger.com,1999:blog-8817171247555815363.post5534924886873271532..comments2024-03-26T05:57:44.937+00:00Comments on True Economics: Heard enough? Part 2: Coughlan Loses Her Briefs... literallyTrueEconomicshttp://www.blogger.com/profile/07350536454228478974noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-8817171247555815363.post-55480382673434780572009-03-06T20:28:00.000+00:002009-03-06T20:28:00.000+00:00It is said that a week is a long time in politics....It is said that a week is a long time in politics. Last week Mary Coughlan stated quite emphatically that public finances are under control; that no further spending cuts are envisaged and that no further changes to the tax regime until the next annual budget scheduled for the end of 2009. Last Wed, Mar 4, the Government discovered a exchequer deficit of €2.04 billion at the end of February. This compares to an exhequer deficit of €124k at this stage last year.<BR/><BR/>What is really startling is the Government claim to have no inkling of this development until last Wednesday when the data was placed under their noses like a wet dish cloth. That apparent ignorance is simply awesome and almost defies credibilityAnonymousnoreply@blogger.com