Dáil debates

Thursday, 14 October 2010

Announcement by Minister for Finance on Banking of 30 September 2010: Statements (Resumed).

 

What else could we do with this money? We could stimulate job creation and the economy. We could create new public works which are vitally needed, such as schools. It could be invested in education and research or innovation and entrepreneurship. People could use that money to pay off their mortgages. One could pay off the interest on everyone's mortgage for eight years and people could use their own money to stimulate the economy. One could pay everybody's grocery bills for five years, scrap fares on public transport for 66 years, give every old age pensioner a €55,000 grant for two years or build 150 new 50-teacher schools and run them for 75 years. I could come up with many more solutions as to how we could spend that money and it would be more beneficial to us in the long term.

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