Originally Posted by Damien

The country is going to be living beyond it's means whilst the economy stagnates and dips in and out of recession. The level of cuts that would be required to balance the books would be far too drastic. I don't think Moody's is downgrading just because we're not cutting fast enough, you could just as easily say we're not growing fast enough either. A growing economy would help us increase the money coming in and balance it that way.