Oireachtas Joint and Select Committees
Wednesday, 1 February 2023
Select Committee on Social Protection
Estimates for Public Services 2023
Vote 37 - Social Protection (Revised)
Éamon Ó Cuív (Galway West, Fianna Fail) | Oireachtas source
That will be another one for the fiction library. I will mention one thing about all of this. The Covid-19 pandemic and the 2008-10 downturn are examples of periods of time when something hit us, out of the blue, and it was very negative. The grey sky suddenly turned sunny - again, out of the blue - and the whole thing turned on its head very quickly. We are getting really fast turnarounds now. It would be interesting to start in 2000 and see how the Social Insurance Fund looked in the good times and the bad times - the boom times and the not-so-boom times - over the last 20 years. There is no point going back further than that as the economy was totally different. In more modern times, we have to see how it levelled off over the longer period and how much shorter the downturn was.
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