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Re: Doesn't go far enough
Debt isn't the problem. We're likely always going to be in debt and that's ok.
The deficit is the problem but how to deal with it is where the disagreement is. You can cut as much as you can but you don't want to harm growth, the deficit will be a lot higher if unemployment is high and income is low. When the economy recovers we'll hopefully see benefits drop and tax income rise. That will be a lot more effective that cutting on the margins.
India is being cut out anyway but Foreign aid is such a negligible amount of our spending, it's become a smokescreen.
We all know where the real spending is, that's the elderly and pensions followed by healthcare. The Government should be more aggressive in raising the pension age.
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