Quote:
Originally Posted by stewart64
Actually a loan, that the Treasury hope to one day make a profit on, subject to Ireland not going bankrupt of course; we have lent an awful lot to them in housing loans especially RBS. The two billion welfare budget is money that is gone forever.
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Not really, it is pretty much a loan itself in one way.
The welfare payments will help the recipient to live, hopefully keep them from turning to crime to survive and be paid back into state coffers in the form of taxes when and if the person is able to work.