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‘There is a better way’ - Adams

20 October, 2010 - by Pat Sheehan


Sinn Féin President Gerry Adams has warned that the Government, Fine Gael and Labour approach to the fiscal crisis will damage economic growth, push up unemployment and cause severe hardship for ordinary people.

Speaking outside Government Buildings, Gerry Adams said:

“Sinn Féin will publish in our pre-budget submission, practical, costed proposals that can protect jobs and public services and create a stimulus package to take the economy out of recession.

“There is an alternative to the consensus for cuts being pursued by Fianna Fáil, the Greens, Fine Gael and Labour.

“They have all agreed to cut the exchequer deficit to 3% of GDP by 2014.

“This is an unrealistic deadline involving savage cuts to public services and welfare entitlements.

“It will damage economic growth and cause severe hardship to ordinary people.

“It is regrettable that the Government does not want to hear the voices of those who disagree with them.

“The same cosy political consensus on social and economic matters by the same parties created our present difficulties.

“Sinn Féin believes that there is a better, fairer way.

“Sinn Fein wants to build an alternative consensus on how to deal with the crisis and get us on the road to recovery.

“Five core elements should be at the heart of any plan to rebuild the economy:
· Reducing the deficit to 3% of GDP by 2014 is unrealistic
· The bulk of the reduction must come from a stimulus plan
· Cuts to essential public services and increased taxes on low and middle income earners must be avoided
· The tax system needs to be overhauled to make the wealthy pay more
· Expenditure savings can and should come from eliminating waste

“Sinn Féin wants all those who believe there is a better way to agree on these basic points and form an alternative economic consensus. We are also asking people to come onto the streets of Dublin on 4th December and to make a stand.” ENDS

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