Quote:
Originally Posted by nomadking
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.
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You said GDP, not Miliband. That was my point.
I'm not that "up" on economics so I can't vouch for or dispute with any degree of self certainty your macro economic analysis.
However, given your assertion
"As it varies up and down, it is meaningless to measure things against GDP or National Income" I think it's pointess to hypothesize about what Miliband may or may not do in the circumstances you have outlined.
Best let him give the electorate enough rope to hang him with if his statements don't add up as seems to be the case with the Tories.
Now, back to the topic please.