S&P lowers Ireland rating to AA; outlook negative
User ID: 697652
06/08/2009 07:14 AM
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As a person living in Ireland I can safely say we're fucked. We can't pay back what we borrow. And we need to borrow a hellofa lot.
I'll give you a simple breakdown of where Ireland Inc. stands.
We are taking in 38 billion euros in taxes etc
We are spending 52 billion on day to day stuff, infrastructure,welfare,hospitlas,public service.
Deficit about 14 billion.
2 years ago we were in surplus of about 3 billion for about 10 years, and now all that money is gone,squandered by the greedy banks,builders and corrupt politicians.
Ireland is already taxed to the hilt and can be taxed no more. So , we have to borrow. And if we are refused credit? We go bankrupt....
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|3||Fitch lowers the rating on Italy to 'A +' with negative outlook||10/07/11|
|4||Fitch lowers the rating to AA-from Spain with a negative outlook||10/07/11|
|5||BREAKING!!! S&P lowers United Kingdom's credit rating to AA from AAA, with negative outlook!!!||06/27/16|