The Governments 'Rainy Day Fund' Is Raising A Lot Of Eyebrows

The Governments 'Rainy Day Fund' Is Raising A Lot Of Eyebrows

We all keep that rainy day fund on the side in cases of inevitable disaster or a night out that wasn't planned but badly needed. Well, now the Government's announcement of a 'rainy day fund' is raising many an eyebrow.

For anyone who isn't aware, the Irish government announced Budget 2018 yesterday and there was the usual increase in cigarettes and a new sugar tax but their rainy day fund wasn't exactly striking a chord with your average Joe. The Government insists that fund is needed for "inevitable" economic situations that could arise in the wake of Brexit or some unforeseen future crisis.

The name of the fund had many confused as to what the actual heck this fund is and what its purpose is for the Irish public as an additional €500 million will be added to the fund each year. With a name like "rainy day" you'd think the fund was being used to improve services in rural areas or those impacted by mass flooding across the nation, but no:

Independent Alliance TD revealed how he proposed the initiative and tweeted his delight about the fund going ahead:


Political parties such as Sinn Féin were one of the first to criticise the fund:

Many people couldn't help but notice the irony of the 'rainy day fund':


And it's estimated that the fund could be used to build 12,000 homes:


Or the hospital trolley crisis up and down the country:


Or what about the under 26s who receive nearly less than half the social welfare payment of someone who is over 26:

Bizarrely, other places around the world have these "rainy day funds" in place but haven't actually used them for real-life rainy days, take the recent flooding in Texas as an example:

So students can continue to worry that they may not get their grant, homelessness can continue to grow and let other vital services diminish - sure we may need this money for 'that' rainy day! What that rainy day looks like is entirely out of our hands.

Also Read: UCD Impeachment Referendum Is Now Actually Going To Happen In October

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Garret Farrell

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