Irish Govt. Raids Pensions
The stated purpose is to fund a job stimulating spending. By now, we should know better. Govt. spending sends limited resources where they should not be in an economy, creating long term structural problems for short term political payoffs. Look at all the resources dead ended in ethanol production in our country. And robbing the retirement accounts of an aging population shows how desperate governments become as they try to maintain the status quo.
Irish Bombshell: Government Raids PRIVATE Pensions To Pay For Spending: www.businessinsider.com/irish-bombshell-government…011-5