Quote:
Originally Posted by Hugh
The point about Labour's profligacy is that they kept spending during the good times ("end to boom and bust" ring a bell?), rather than saving for the recession, thus building up the enormous deficit we have now....
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Too true.
They even kept spending when the big red financial writing was on the wall and they were on the verge of being booted out of office. Shows how much they cared about the nation's longer term economic prospects. All they were interested in at that point was making life as hard as possible for their political opponents who'd have to pick up the pieces.