Quote:
Originally Posted by danielf
I agree with all else you're saying, but just picking up on the point above (as I wondered about it before): what does that mean exactly? The same level of service as in 2003-2005, or spending just as much money as we did back then. If it's the latter it makes the statement a rather pointless euphemism, as it means a severe cut in actual service levels after inflation correction.
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Spending as much as a % of GDP - so inflation irrelevant.