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Old 21-10-2011, 08:37   #38
spanna
Old Fart
 
Join Date: Jul 2007
Posts: 97
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Re: Economy is worse under us, says Cable:

Quote:
Originally Posted by martyh View Post
just to play devils advocate for a mo ,If labour had not spent so much money we wouldn't have the new schools ,jails and hospitals .The best thing they did in my opinion was the huge investment in social housing improvement ,unfortunately instead of these types of investment being done steadily over a number of decades they tried to do them all at once which meant borrowing huge amounts ,i believe that most of the investment was done in 05/06 and 08/09 when they doubled investment when they should have started back in '98 .
Labour did some good work with investing our money and we realy did need it the problem is they went about it the wrong way
They had a choice either raise taxes to pay for those improvements which the voters wouldn't like or spend it on credit so when the bill came in somebody else had to pay for it - they took the cowards way out

They borrowed the money, took the credit for spending it , then left someone else to take the blame when it came time to pay the bill
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