As Ireland slouches towards regaining economic sovereignty and exiting the bailout programme, our government appears eager to incur further debt.
Last night it emerged that the Irish taxpayer will be forced to bail out the beleaguered Newbridge Credit Union to the tune of €54 million.
In 2008 when the government pumped €64 billion into the banks, with the now infamous Bank Guarantee, the justification was that our pillar banks were too big to fail.
It’s difficult to find a similar pretext for rescuing a local credit union.
And where will they draw the line?
Will their largesse extend to guaranteeing Holy Communion piggy bank funds and savings stashed under mattresses?
When you have seemingly unlimited taxpayers funds at your disposal, little accountability and no civil resistance, the party is set to continue indefinitely.