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Creating jobs and stimulating economy only way to close deficit - Morgan

2 September, 2009

Responding to the latest exchequer figures, Sinn Féin TD Arthur Morgan said tax receipts will continue to fall because the government refuses to stimulate the economy.

Arthur Morgan said:

“Rather than closing the deficit this year by saving and creating jobs, this government is instead focused on one problem area of the economy, the banks, and the reason for that is because it is their friends they are trying to save. So while Brian Lenihan attempts to push through a €70 billion saving package for banks and developers, we have to endure growing live register figures and falling tax receipts from those job losses.

“There is absolutely no coherent thinking to the government’s economic strategy, if it even is a strategy. No other country in the world is putting so much emphasis on its banks while allowing companies and jobs to go to the wall and public services to bear the brunt of the pain. This government is running us into the ground and it will continue until they are put out of office.

“The ‘protect those at the top mentality’ that has pervaded in this state under Fianna Fáil governance for the last 12 years is alive and well. There is no indication that Fianna Fáil and the Greens can save our economy – at this stage they are just trying to keep the cronyism going a little bit longer.” ENDS

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