Quote:
Originally Posted by Mr Angry
Your link title seems to be a bit misleading. Admittedly I only had a quick scan through the odious Mr Miliband's speech but I didn't see any reference to GDP as a ratio for measurement in relation to the deficit.
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Didn't say it did, but he DOES refer to national debt as a %age of GDP. If GDP goes up, then he is intending to borrow MORE and it will still fulfil his statement. Would people fully understand that? He is happy to measure borrowing & debt against GDP. If GDP went down, would he therefore reduce borrowing and debt? Of course not. Isn't that very misleading?
If the original report had referred to "X deficit", where X distinguishes the meaning and "X" had been left out, then that would have been misleading. The report used the term on its own. Either that was acceptable usage or different term should have been used. Is there a more correct term, consisting of one or two words?