Getting people off the dole should be the priority: Adams
Speaking from today’s Ard Comhairle meeting in Dublin Sinn Féin president, Gerry Adams TD has said that, “passing the Austerity Treaty will block a return to growth”.
His comments come after the government followed the Central Bank and the European Commission and dropped its 2012 growth forecasts from 2.3% to 0.7%.
Deputy Adams said:
“The single biggest challenge facing the economy is getting people off the dole and back to work. This is the only way to boost growth and reduce the deficit.
“The decision by the government to lower its growth projections for this year by nearly half, is an admission that its policies of austerity are not working.
“You cannot cut your way out of a recession. Nor can you create jobs by cutting public spending and imposing taxes on low and middle-income earners. Jobs require real investment.
“The Austerity Treaty, if passed and implemented, will result in a another €6 billion being wrenched out of the domestic economy after 2015. This on top of the €8 billion Fine Gael and Labour plan to cut between now and 2015. Another €6bn of cuts and tax increases will further block a return to growth.
“It is not enough for the government to talk about job creation. It must use the monies at its disposal from the National Pension Reserve Fund and European Investment Bank to invest in jobs now. “Unfortunately the governments recent rhetoric on jobs has little to do with job creation and all to do with its Austerity Treaty campaign.”