Tag Archives: National Debt

Gulp.

Ronan Emmet writes:

Upon first look, one might say that’s a healthy reduction in Debt as % of GDP, but then we remember how the state engages in Leprechaun Economics and our GDP is over inflated, the underlying debt hasn’t been reduced. That isn’t sustainable.

This is the legacy Fine Gael, Fianna Fáil, Labour, Greens and the Independent Alliance have left for our unborn generations. But don’t let that stand in the way of the ‘Let’s keep the recovery going’ mantra.

Beside all that – here are some facts should you know about Ireland’s national debt

1. You could wrap $1 bills around the Earth 930 times with the debt amount.

2. If you lay $1 bills on top of each other they would make a pile 26,104 km, or 16,221 miles high.

3. That’s equivalent to 0.07 trips to the Moon!

Irish public debt third highest in the developed world (RTÉ)

Ireland National Debt Clock