Sinn Féin - On Your Side

Citizens are at the centre of Sinn Féin pre-budget proposals – Adams

15 November, 2011 - by Gerry Adams

Speaking at the launch of his party’s pre-budget submission, Sinn Féin president Gerry Adams TD said: “Sinn Féin recognises that the deficit caused by the disastrous policies of the last Government and this one has to be reduced and the state can’t continue borrowing large sums indefinitely.

“But the plan to reduce it by 2015 by imposing savage cuts to frontline services and levying flat taxes on struggling households will be hugely damaging socially.

“Fine Gael and Labour, just like Fianna Fail and the Greens, are attempting to impose this failed economic approach while simultaneously recapitalising banks and paying private bank bondholders.

“In other words, despite all their promises this government is upholding the status quo.

“A different strategy and a longer timeframe is needed. Sinn Féin wants realistic deficit reduction strategy based on:

  • A fairer tax system that targets wealth and lifts the burden of the least well o0ff, for example by abolishing the Universal Social Charge
  • Investing in jobs (which will increase state revenue and reduce the social welfare bill)
  • Elimination of wasteful public spending
  • Not paying the Anglo Promissory notes and restructuring the remaining unguaranteed, unsecured bonds.

“The government has a choice.

“It can choose to carry on with the failed austerity policies of Fianna Fáil or it can choose to implement a budget which is fair and which cherishes children instead of bondholders.

“In Sinn Féin’s pre-budget submission we have made the choice to protect public services and those on low and middle incomes.

“We have shown that this can be done through taxing wealth, eliminating wasteful public spending, stimulating the economy, and tackling exorbitant salaries in the public sector.

“We have put forward proposals that would create new jobs and retain existing ones.

“Recovery without jobs is not possible.

“The budget is about choices and I hope that the government takes our comprehensive proposals on board, forgets failed austerity policies and puts people first.” ENDS

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