Opinion

Shane Coleman: State must stop writing blank cheques to avoid another crash

We must stop repeatedly over-spending and make a plan as to how we will pay for our ageing population and foot the bill for climate change

Michael McGrath, Minister for Finance, and Pascal Donohoe, Minister for Public Expenditure and Reform. Hiking spending while narrowing the tax base is voodoo economics. Picture: Rollingnews

A day of reckoning is on the horizon for Ireland, its people, and those who lead us – and who would wish to lead us.

It’s too simplistic to say it is the Celtic Tiger mark II. There are too many important differences and some lessons learned: our banks are far healthier; there is no house price bubble; and fiscal policy, though loose, isn’t as reckless as it was in the noughties.

But there is ...