Middle income group pays for flawed strategy

THE banks’ misconduct and arrogance, and the subsequent Government backing of their flawed strategies, is beyond even the harshest condemnation.

But ultimately we must demand to know of the Government exactly how it has managed to blow the surplus of decades leaving us in a recession reminiscent of the 1980s.

And while a move to protect the poor in any budget is admirable, where will the middle income squeeze stop?

What happens when we have no middle income earners left to squeeze? Just rich and poor.

The middle income earners will again prop up the budget and, in this instance, suffer some severe penalties because of the Government’s irresponsibility during the Celtic Tiger years.

Meanwhile the bankers and others yet again get away with what can only be described as white collar crime — at a potentially staggering cost of €400bn to you and me.

Gerard Power

Garrananassig

Ladysbridge

Co Cork