First, I join with the Senator Conway-Walsh in hoping that the conference in Mulranny on rare breeds will be a success. The Senator is correct, and as Senator Marshall also said, the agricultural community is very important to our country.

Senator Conway-Walsh raised the issue of the rainy day fund. Sometimes - I know the Cathaoirleach will lecture me - the voodoo economics of Sinn Féin beggars belief.

Senator Buttimer is antagonistic today.

No, I am not but it really does. Let us be fair. The National Pension Reserve Fund, which was the rainy day fund, is nearly gone because of the collapse in our banking system. The Government is committed to getting, and has got, money back from the banks. We are creating a new fund to maintain progress in terms of the living standards and the needs of our people. If Senator Conway-Walsh wants to go back to the days of boom and bloom, she must look at what happened. It became not boom and bloom, but bust. That is the reality.

It is really not that. The Leader knows what I am talking about - a Keynesian approach.

I think both Senators know.

One does not even have to say it here.

The Leader knows that.

What the Minister is proposing is that we take €0.5 billion per annum and build it up to €8 billion.

Why will the Government not spend it on water?

Sinn Féin is the party that opposed Irish Water. It would not pay for water at one level. One will not have investment. Senator Conway-Walsh cannot talk out of both sides of her mouth.

Senator Conway-Walsh was against Irish Water. She was against paying for water. Who will pay for the investment in water? Will it be the people? Come on, be fair.

The €0.5 billion the Government will put into the rainy day fund.

As I have stated previously in interactions between the Leader and Members of the Seanad, I allowed everybody who wanted to contribute to do so for two minutes or three minutes. I have been flathiúil with the time allocated. Please allow the Leader reply.

Our tax revenue is high. There are more people back at work. By the end of this year, there will be more at work than ever before in the history of the State but we must plan for the future. We also have, which the Sinn Féin Party has not acknowledged, a deficit that we cannot allow to grow. The importance of the rainy day fund is that we plan for our future so that we can invest for our people. I would be happy to have the Minister come to the House.

I will not repeat what I said on Irish Water.

It sounds like Senator Buttimer is.

We all want to have a water network system that brings water to people that they can use and drink. The model of delivery costs money and Sinn Féin has not proposed how we will pay for it other than that we will not pay for it all.

Tell him to grow up.