Quote:
Originally Posted by Mr Angry
That would only lead to more confusion. Your usage of "GDP" and Miliband's non usage of "GDP" are, just like "GDP" and "National income", two different things.
As i said previously, this area is not my forte. We are, however, meandering off the thread subject of the Tories having come in for criticism having launched their campaign manifesto using some apparently questionable figures.
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Replace where I have said "GDP" with "National Income" and my statements still hold as I was referring to what he said. As "National Income" goes up, the national debt as a %age of it, will tend to go down. As it varies up and down, it is meaningless to measure things against GDP or National Income. When at some point, National Income actually goes down, would he still reduce the national debt as a %age of it? That would involve massive cutbacks and/or tax rises.