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Fiscal Responsibility Bill legislates for failed policies – Stanley

10 October, 2012 - by Brian Stanley TD



Sinn Féin spokesperson on the Environment, Community & Local Government, Brian Stanley TD has today accused the government of handing over economic sovereignty to the bureaucratic bullies in Brussels.

Speaking during today’s Dáil debate on the Fiscal Responsibility Bill deputy Stanley said;

“The current approach to righting our economic woes is not working. There are now 200,000 children living in poverty with the total number of people in poverty now at 706,371 all under Minister Burton’s watch. There are 100,000 households languishing on local authority housing lists under Minster Hogan’s watch.

“These are shocking facts proving that austerity, the key policy of this shambolic coalition, has failed. The facts also dispel the myth that the Labour Party in power provides protection for ordinary people. They do not. They are colluding with every cut, every closure and every job loss.

Sinn Féin supports fiscal responsibility. We have been calling for greater regulation of the markets long before this bill saw the light of day. In recent past those of us who challenged the status quo were branded economic illiterates.

“This bill creates a super structure of budgetary control that is undemocratic and unaccountable. The process is driven by Brussels bureaucrats. And sadly An Taoiseach and An Tánaiste have failed miserably to ever stand up to such bureaucratic bullies.

“This bill will make it virtually impossible for the public to impact on budgetary decisions of a democratically elected government. And government ministers will be able to blame Europe for any unpopular budgetary decisions.

“What we have in front of us is a bad bill which puts into legislation polices that have a failed history.”

ENDS

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