The Peter McVerry Trust was doled out, yesterday, €1.5 million of your cash, with a promise of more money to come. It is worth remembering that it got this money not because of any success on its behalf, or as a reward for doing good. It got this money entirely and solely because it had failed to manage its own affairs properly, and the Government, in its folly, have decided that it is a good idea to live in a society where failure is rewarded and success punished.
It is also worth remembering that the failure of the McVerry trust to manage its own affairs is not simply a case of a privately funded body, run by some do-gooders, running into trouble and getting bailed out as a form of thanks for all the good work it has done down through the years. The McVerry trust is, in essence, an arm of the state. Of its €60m in annual income, the vast majority of that funding comes from the taxpayer already. When it mismanages its affairs and runs up huge debts, it is your money that it has mismanaged.
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