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Old 04-12-2014, 21:00   #42
Ignitionnet
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Join Date: Jun 2008
Location: Leeds, West Yorkshire
Age: 47
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Re: Autumn Statement: Bleak borrowing prediction rocks George Osborne’s deficit hopes

Quote:
Originally Posted by RizzyKing View Post
To just do the cuts in one phase covering no more then one parliament people can handle things a lot better if they know exactly how long the pain is going to last rather then this drip drip approach and I'd much prefer he just cut welfare to the extent he wants too in one go so I can then work things out and decide a course of action. We all know welfare is going to get hammered just get it over with instead of making every claimant worry all the time.
Had they done that they'd have never had any chance of re-election. They'd also have devastated economic growth.

A slower approach to deficit recovery was required. The big thing that annoys me is that it took so long for them to realise that investment in capital expenditure was important having completely butchered it because it was politically expedient back in 2010.

I don't object to cuts per se, I object to where they were made and the rhetoric surrounding them. I'm also far from convinced that 88% cuts and 12% tax rises is the right ratio.

While previous generations' politicians completely failed to save for the ageing of a big demographic bulge and the current generation are going out of their way to save said generation from cuts where possible to gut the services some of the current working age population rely on while carrying on the current rhetoric is churlish.
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