Quote:
Originally Posted by OLD BOY
How many times to we have to respond to these tired old arguments, jfman? Please give it a rest.
We've already written on here countless times that Labour spent all the balances and put no money away for a rainy day during the 'golden years'. That meant we had no reserves to deal with the global financial crash. That meant we had to come up with a good plan to put the UK back on its feet and deal with the unsustainable deficit. The Conservatives have brought that down substantially, but in the meantime, debt has continued to rise as a result. This would have not happened if Labour had not spent all the reserves in its period of office and that's where the blame lies for this mess.
Do you really believe that we would be saddled with less debt had Labour been in power throught the last decade? If so, you must be the only one who does.
For someone who professes to know about economics, I am astounded that you should trot out this nonsense. The answer to paying off all that debt is certainly not to be found in the Labour camp, where hundreds of billions of pounds would be spent to satisfy their agenda. The real question is how they would pay back the debt.
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Laughable from you Old Boy, there's no evidence at all that Conservative governments are more fiscally responsible than Labour. It was Conservative Government who squandered the windfalls of privatisation.
So how does the country pay back 2 trillion of accumulated debt from 40 years of failure?
My economic credentials are far stronger than yours here Old Boy, as you well know. Take your rose tinted glasses off and open your eyes.