Time to accept some responsibility

Many people are of the opinion that the economic problems that we are experiencing in Ireland were not of their making them. No, the general sentiment is that the huge party which we have experienced during the past 10 years was destroyed by a couple of gate crashers known as the "american sub primers" and we are nothing more than innocent victims.

This is a cop out and just simply abdicates us of any responsibility. It was always going to end in misery because we were living on credit and even if the sub prime problems had not developed we would have to pay alll the money back someday.

The economy in Ireland never had a truly sound foundation because so much of our economic resources were focused on us simply trading goods and services between ourselves. Such activity does not bring money from foreign shores which is then reinvested in the economy to produce more goods or high quality public services.