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Ó Cuív, Éamon

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Fiscal Responsibility Bill 2012: Second Stage (Resumed)

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Snippet Contents:

Between us, and in terms of the public dialogue, it would force all of society to face up to the facts and to get away from the wizzy-woo figures that tend to get tossed around the place which, in my view, do not serve either the Oireachtas, the Government or the country well. We have to change our structures. We have to involve more Oireachtas Members in a holistic way, not in this fractionalised way, on the money issue.
Up to a point, there is no need for the Bill because if we keep spending more than we are earning, we will not be able to borrow the money. We will just not get it on the markets and, therefore, we will be forced to face the hard decisions. With regard to some of the Deputies around this House who always have easy answers to everything, my view is that a more interactive system would make them face the realities of money.