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The budget axe is wielded in Ireland

The budget axe is wielded in Ireland

Courtesy of Tim Iacono of The Mess That Greenspan Made

They’re delivering the grim news to the decidedly unlucky people in Ireland today, something that, at some point, is sure to happen in the U.S., but maybe not for a while.

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Finfacts reports on Minister for Finance Brian Lenihan’s 2010 budget that will see a wide swath of spending cuts totaling €4 billion and a few higher taxes, this following just a few years of faux prosperity back during the mid-decade housing bubble.

It was hardly worth it, was it?

 


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