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Old 05-12-2014, 09:34   #4
Ignitionnet
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Join Date: Jun 2008
Location: Leeds, West Yorkshire
Age: 47
Posts: 13,995
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Re: IFS: Osbourne's cuts force a "fundamental re-imagining of the state"

Quote:
Originally Posted by Osem View Post
I think we're in for that whoever is in power. I'd just prefer it wasn't forced upon us by others as a result of reckless decisions and mismanagement of the economy.
It wouldn't have been. For all the rhetoric our borrowing is very, very cheap right now and our debt has been far higher.

Unfunded obligations on the other hand... aren't really going to get touched.
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