Longboat Quay fire-safety crisis
Senator Daly seeks a debate on Longboat Quay residents facing eviction because fire-safety certificates are unavailable, calling for Government action and accountability.
I welcome the delegation from Taiwan and hope its members enjoy their stay in the country.
I ask the Leader to organise a debate on the situation at Longboat Quay and the plight of residents in that development. They face being evicted because fire safety certificates are not available. The Government needs to help them. The people who signed off on the certificates and who deemed the workmanship to be up to standard should be held to account. They are the ones who should ultimately foot the bill. I ask the Leader to organise a debate on the issue.
The Government can be accused of many things but it cannot be accused of following the wisdom of a former President of the United States, Woodrow Wilson, when he said, "I not only use all the brains I have, but all I can borrow." Not only is the Government not using the brains it has, but it is not even borrowing advice. It is certainly borrowing money. The way the backbenchers in the other House are going on, one would swear we had the money to give away. Up to €1.5 billion is being talked about as a giveaway in the budget. Let me remind the House that we will borrow €1.7 billion in 2016. The interest payments on the national debt are €7 billion. What we are actually doing is taking money out of children's pockets in order to pay for the voters who can vote in the next general election.
I ask for a debate on the McKinsey report, "Is Ireland's Population Ready for Retirement?" because our current pension system is unsustainable. The Social Insurance Fund has a deficit this year of €2 billion and a cumulative deficit in the past few years of €10 billion and by 2020 the deficit in the pension pot will be €20 billion. In 25 years time, in 2040, the deficit for pensions will be €133 billion. It is entirely unsustainable. The Government cannot be accused of using the brains it has, or even of borrowing some brains, but it is borrowing money to buy votes.
I ask Senator Paul Coghlan to contain himself if he can because I want to talk about NAMA. In 2011, with my Fianna Fáil colleagues, I introduced the NAMA and Irish Bank Resolution Corporation Transparency Bill. We asked the Government to accept the Bill on the premise that the public needed confidence in NAMA. I have confidence in the people who work in NAMA and the systems they have in place, but, as we have seen at the Committee of Public Accounts today, in the North and the Dáil, the issues raised about the sale of property are ones about which we should all be concerned. The array of politicians who are now involved in this controversy is testament to the fact that legislation we proposed here, which was not about scoring points, would assist the Government in making sure the public had confidence in the system. It was about transparency. This is a huge portfolio that was sold on behalf of the taxpayer. There are always questions about whether there was value for money, but it is always about the process. Our job as legislators is to ensure the process has the public's confidence. For that reason, I ask the Leader opposite to consider looking again at the NAMA and Irish Bank Resolution Corporation Transparency Bill which is about having public confidence in NAMA. We could avoid what is happening at the Committee of Public Accounts today and all the controversy that it is generating and ensure there will be no need for further Committee of Public Accounts hearings on that issue.
Comment on this
As I am standing in for the Leader, I have asked one of my Labour Party colleagues to speak on behalf of the Labour Party today.