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Mary Lou McDonald address to Dublin May Day Rally – There is a better way

1 May, 2011 - by Mary Lou McDonald TD

Speaking at today’s May Day Rally Sinn Féin Deputy Leader Mary Lou McDonald TD called on the government to retract its failed banking and economic policy noting “not only is the current government’s fiscal and economic policy deeply inequitable but it has already been tried, and failed, by the previous Fianna Fáil/Green administration. Growth, employment and public services will continue to flounder unless this government starts listening to the people. There is a better fairer way.”

Deputy McDonald said:

“The new Government has to show that it has learned from the past. Our country deserves a fresh start from the failed politics of the years past. It also deserves a new hope that a new Government guided by the needs of the many rather than the greed of the few can make a real, positive difference in their lives.’

“That is the promise Fine Gael and Labour made to the people just a few weeks ago.

“Yet austerity continues. Fianna Fáil’s catastrophic bank guarantee remains in place. Taxpayers’ hard earned cash continues to flow into bad banks and out of critical public services. The last of the states wealth is to be sold off. Low paid workers and middle-income families are still struggling to pay mortgages they cannot afford. The Universal Social Charge remains in place – a tax that favours the very wealthy. Bad bankers get golden handshakes. Government cuts continue to target the most vulnerable. Unelected officials in Brussels, Berlin and Washington are, at this very moment, shaping our economic and fiscal future. And not a single person has been held accountable for the banking crisis.

“It doesn’t have to be like this. There is a better way. Tá bealach níos fearr ann.

“Socialisation of private debt is morally wrong. Borrowing your way out of insolvency cannot be done. This government must impose burden sharing on bondholders. Job creation must be placed centre stage.

“Talk is cheap - action must be taken. We must protect our vital state services and assets by keeping them in public ownership. The taxation system must be overhauled. Wasteful spending eliminated. Demands to increase productivity and efficiency within our public services must not be shied away from – nor the demand to lift the recruitment embargo or protect front line staff. Extravagant salaries in the public sector and semi state cannot continue.

“Uniting the island, as well as our people, is not an issue of the past – it is the future. Unity offers the best future for all our people. And eliminating inequality in real terms must be our collective goal.

“A better fairer way is possible.”

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