Irish Bombshell: Government Raids Private Pensions To Pay For Spending

The Irish government plans to institute a tax on private pensions to drive jobs growth, according to its jobs program strategy, delivered today.

Without the ability sell debt due to soaring interest rates, and with severe spending rules in place due to its EU-IMF bailout, Ireland has few ways of spending to stimulate the economy. Today's jobs program includes specific tax increases, including the tax on pensions, aimed at keeping government jobs spending from adding to the national debt.

The tax on private pensions will be 0.6%, and last for four years, according to the report. MORE>>>

 

[TLS]- Coming to America in the near future!! Someone's got to pay the banksters right? and it might as well be those dirty pensioners!! 15-16 trillion dollars we're being told. What a joke, that number is so goofy. Its unthinkable that anyone thinks we're actually going to repay that lol. The politicians sure will try though.