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Originally Posted by alanbjames
If the Tories were so good at making cuts to pay off the deficit why are we now borrowing more than when Labour was in power?
That was all Osbournes doing, phaps he needs lessons in Maths.
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I have to laugh whenever this is thrown out because it shows people's up for the lack of understanding of economics.
In 'cash terms', yes Tories have borrowed more than 33 years of combined Labour governments. However, with a much stronger economy, the government tends borrow more.
So in essence. In terms of total borrowing versus GDP, Labour's total time in office borrowed 70% of GDP, since 2010, when Tories came to power it's been only 40% of GDP.
(Drops mic and walks off stage.)
---------- Post added at 12:41 ---------- Previous post was at 11:52 ----------
Quote:
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Originally Posted by TheDaddy
Please, that's what they want you to believe, the worst of Maggie thatchers privatisations and cuts came at the end of her reign and whilst we're at it look at the mess john major left the countries finances in, that was as big a car crash as any.
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Please 'nothing'. Complete rubbish. Labour are simply not to be trusted with the nations finances and given all Jezza promised before the election last week, he would have left a massive hole that would need future generations to pay off, he obviously lives in a 'buy now, pay much much later' world.
It's not about believing, it's about the facts and your obsession with Mrs T, is astounding, I would not be surprised if you still had a dartboard with a picture of her stuck across it.
I think you need to bring yourself forward, she has been out of office since early 90's and she made some difficult choices and I know you are not going to agree, but when she came to power, she actually saved this country from the brink and brought those trade unions down a peg or two and stopped them bringing this country to it's knees with increasing demands and crippling strikes, in essence, back in the 70's during Labour led governments, they simply had too much power, something else that would return under a Corbyn/Momentum led Government.
I do not think anybody wants to go back to an era of trash piling up in the streets and the dead being unburied, electricity black outs etc etc.