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Originally Posted by tammac
Some very reasonable threads, but, where does the labour, new labour,same old labour come from? the crash was caused by Disenvestment Bankers, mainly Goldman Sachs, didn't know they were in the Labour party, wish you people would think instead of parroting right wing party propaganda, you sound like "the Ood", Dr Who.
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The structural deficit was caused by Labour overspending on the assumption the public and private debt fuelled bubble that ended with the crash would continue forever.
Wish you'd think instead of parroting left wing party propaganda about how it's all the bankers' fault and nothing at all to do with spending taxpayers' money like it was going out of fashion on expanding the public sector, and using debt fuelled tax receipts along with sovereign debt to do it.
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The UK is set to miss the previous government's "golden rule" - of borrowing only to invest over the economic cycle - by £485bn
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That's even taking account of the economic cycle being variable depending on needs.
Still if you'd like to come up with some facts to demonstrate that it's all down to the bankers please feel free. Partly for sure, entirely no chance.