Seanad debates

Friday, 13 July 2012

Public Service Pensions (Single Scheme and Other Provisions) Bill 2011: Second Stage

 

11:00 am

Photo of David NorrisDavid Norris (Independent)

Just as with the question of climate, my view is that the events we have witnessed are likely to become more frequent and more catastrophic. I find it very difficult to welcome the fact that we have been enabled to borrow significantly more money. We need a radical reappraisal of the entire system. However, we must deal with the system as we have it and one must be pragmatic. Within such limitations, the Minister, as a capitalist, is doing a reasonably good job. However, there are more extreme forms of capitalism in this House, as represented by Senator Feargal Quinn. While he is a colleague of mine, whose views I value, I do not think it is a good idea to follow the extreme, right-wing American view that citizens should be allowed to cash in their pensions, willy-nilly. That is a recipe for disaster.

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