Quote:
Originally Posted by Osem
|
In fairness, while I agree that Labour was mostly responsible for the current financial problems, Ed Balls was not in power at the time. He was not even in the cabinet until 2007, when he joined as Secretary of State for Children, Schools and Families. He was a minister in the Treasury from 2006-2007, but I see no evidence he actually made policy decisions.
Gordon Brown was in power.
That's not to say the Tories are blameless. They aren't. During the GB years, they seemed to provide a very ineffective opposition, and during the coalition years, I think they took basically the right track to sort the problem (cutting back expenditure) but have stuck to it far to rigidly when they should have been using some of the money to stimulate the economy and thus pay back debt using increased income (through taxes).