Cable Forum - View Single Post

**Chris** · 11-11-2013, 09:19

Actually he's right. The reason for it is that the Labour party created a structural deficit, that is, they fixed the budget so that every year, the country was spending more than it was earning and had to borrow to cover the difference.

The deficit is now so large that even if we balance current spending against tax receipts, we have to borrow more money to pay the interest on what Labour already borrowed. This is why the #TORYCUTZ are necessary.

Personally, I think it takes a special kind of dumb to moan about cuts one minute, then moan about levels of government debt the next.

11-11-2013, 09:19	#19
Chris Trollsplatter Join Date: Jun 2003 Location: North of Watford Services: Humane elimination of all common Internet pests Posts: 38,085	Re: Typical Political Bureaucrats. Actually he's right. The reason for it is that the Labour party created a structural deficit, that is, they fixed the budget so that every year, the country was spending more than it was earning and had to borrow to cover the difference. The deficit is now so large that even if we balance current spending against tax receipts, we have to borrow more money to pay the interest on what Labour already borrowed. This is why the #TORYCUTZ are necessary. Personally, I think it takes a special kind of dumb to moan about cuts one minute, then moan about levels of government debt the next.