Exactly

I am struggling to "get" how the govt can carry on spending even more than it has been spending, while at the same time be making big cuts in public expenditure. What am I missing, in macro terms?

Posted By: Old Git, Nov 19, 15:47:30

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So, like, if your tax rate went up by 10% a year
Posted By: duke of york, Nov 19, 15:55:20
6
well, in part, inflation
Posted By: Tricky Hawes, Nov 19, 15:51:47
The ?9billion put aside incase Ireland goes tits up?
Posted By: Huge Small, Nov 19, 15:50:54

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