Quote:
Originally Posted by OLD BOY
Yes, yes, you've made a point about terminology, but you have assumed too much and you have taken this much too far. You need to calm yourself.
The Conservatives have in fact indicated that they are now in a position to bring down the national debt, which is what I was referring to. I've already explained why the national debt is so high.
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I'm perfectly calm. You are persistently using meaningless phrases and jargon (often incorrectly) implying that the Conservative Party are fiscally responsible and the Labour Party are not. This is in the complete absence of evidence.
We are running a budget deficit almost a decade after the coalition came to power. A defecit and the national debt at the highest it has ever been. It's an absolute parody of economic theory in action.
Austerity was simply an excuse to roll back the state. We are the fifth largest economy in the world yet we "can't afford" to do anything that private sector companies can extract profits from in the absence of genuine competition in the market. In the worst cases (TOCs) we privatise profits and subsidise the losses anyway.