Quote:
Originally Posted by OLD BOY
Of course they have not brought down the national debt - they have been paying off the deficit.
Austerity has been prolonged because the Lib Dems wouldn't agree all the measures that the Conservatives wanted to introduce from 2010.
The Conservatives now find themselves in the position of being able to spend money again because the deficit has been reduced to levels that make this possible.
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You literally don’t pay off a deficit. As we’ve always suspected you are just banding about terms you don’t fully understand.
You pay off debt.
Deficit is the difference between income and expenditure.