Quote:
Originally Posted by nomadking
As usual 
You complain about austerity, but also complain about adding to the public debt. Are you suggesting that in 2010 the spending taps should have been turned off by such a huge amount? That really would have been austerity. If the deficit levels inherited in 2010, had been continued, that would have added yet another £600bn to the debt.
The crash happened around 10 years into a Labour government. |
And ten years later the Tories are still running a deficit, doubling total debt in nominal terms. The Tories ran deficits in the vast majority of the Thatcher and Major years.
Totally flawed economics.
40 years of failure. I note you haven’t addressed any of my points simply misinterpreted them for the purpose of deflection. So I will repeat my point:
Future generations have no such windfall. Only the debt from previous generations extravagance and poor decision making.
If it’s about balancing the books then when should we pay the 2 trillion back? How do we fund it so we can stop squandering billions on interest payments?