Joe Higgins/Sinn Fein and various independent TDs are engaged in a despicable misinformation campaign on the Household charge. On TV, Radio, in the print media and at public meetings throughout the country they claim that the money will be used to pay off bondholders. Of course this is utter nonsense. Ireland this year will have a budget deficit of c 17 billion euro. In short it is BORROWING €17 billion to fund Social Welfare, Health, Education, Transport et al. Put it another way. One euro in every three spent by the government to fund Social Welfare, Health, Education, Transport is BORROWED. None of the money raised by this charge goes to bondholders. It goes to the Local Authorities to help provide services.
In fact bondholders since 2008 have been paid from the National Pension Reserve Fund and BORROWING. How could the government pay off bondholders from existing taxes which are not sufficient to fully fund state spending on Social Welfare, Health, Education, Transport WITHIN Ireland?
The anti Household Charge campaigners seek to sabotage efforts to stabilise the public finances. Make no mistake about it. This is an effort to cripple the country financially and instal a Trotskyite form of government. Shame on the Far Left as it seeks to sink our economy with a brand of politics more akin to that found in North Korea. It is in the interests of all that our public finances are put on a firm footing.
The Socialist Party led by Joe Higgins is a Trotskyite Party. Its ideals are anathema to 99% of the Irish people. Sinn Fein in power in Northern Ireland supports an average household charge of €1500 yet in the South it opposes a €100 household charge. It is playing with fire. Quite frankly any TD who incites people to break the law should be expelled from the Dail PERMANENTLY.