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Originally Posted by NitroNutter
Todays conservative argument is so self contradictive you have to laugh
We will cut 35bn in wasted funds cutting services
We will spend as much as labour and more on services
their catchphrase for the budget "Vote now pay later"
meaning Tory could only increase taxes on what labour did yesterday
Today they will cut spending on waste increase spending on services theyve just cut and decrease taxes so everyone is better off
And just how does that add up ?
35bn negative (saved)
More than 35bn positive (spent)
lower taxess == what
I would have to asume they could only finance this by increased borrowing 
Both parties live in a banana state of mind anyway. I dont see anything really different in lib-dems either.
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The point that Michael Howard is making is that there is so much waste in frontline services it's possible to eliminate the waste and still preserve the service.
What New Labour have done is to borrow excessively to preserve their spending lifestyle in the same way that credit card junkies have lots of credit cards so that they can enjoy a great lifestyle by paying off their cards with payments from other cards. Eventually, however,they do end up with problems.
To illustrate the point, I wanted to buy a new camcorder and had a specific model in mind the Sony PC120-E. I surfed the net and found that it was possible at one place to buy it for £1200 but somewhere else I could buy exactly the same camera for £800. The £1200 represents the New Labour philosophy of investing more funds but the £800 represents Conservative's value for money at a cheaper cost philosophy.The specifications on the camera represent the service being provided which is the same in both cases except that New Labour's camera cost £400 more.
It's probably true that whoever gets in, taxes will go up, but the revenue raised will be spent more wisely by the Conservatives ( or indeed by the Lib Dems) that it will be by New Labour, which was millions on the Millenium Dome and wasted Lottery money.