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Re: [Update] The Liberal-Conservative Coalition
I think the LibDem Deputy Chancellor put it best - Guardian
Quote:
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David Laws, the chief secretary to the Treasury, whose first act in office was to scrap his chauffeur-driven Jaguar, said: "We cannot afford to continue to increase public debt at the rate of £3bn each week. "Our huge public debts threaten financial stability and if left unchecked would derail the economic recovery. Public borrowing is only taxation deferred, and it would be deeply irresponsible to continue to accumulate vast debts which would have to be paid off by our children and our grandchildren for decades to come."
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