Seanad debates
Thursday, 26 March 2009
Order of Business
10:30 am
Liam Twomey (Fine Gael)
I seek a debate on the national debt. In 1997 we tried to spend our way into utopia and that failed miserably. We should put on record that while our national debt is low at this time, the debt of the people, the ordinary men and women in the street, is at an unprecedentedly high level. It was never that high in the 1980s. When one adds the national debt to the debt of the people one will find that our overall debt as a country is the same as it was in the 1980s.
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