LONDON - Desperate to seal a deal for an international bailout, the government in Ireland on Wednesday unveiled a painful, four-year plan for $20 billion in spending cuts and new taxes that would slash unemployment benefits and cut welfare payments for the already hard-hit Irish public.
The move came as the near-bankrupt government scrambled to show negotiators from the International Monetary Fund and European Union that it can cut spending and raise more revenue to meet the conditions of a $115 billion rescue package.
Washington Post
Slashing unemployment benefits and cutting welfare payments for ordinary (non-wealthy) folks: the universal "cure" for economies devastated by banking policies that benefit the wealthy.
Slashing unemployment benefits and cutting welfare payments for ordinary (non-wealthy) folks: the universal "cure" for economies devastated by banking policies that benefit the wealthy.
