TrinityIHC wrote:
... Maybe if the Labour government hadn't been quite so free and easy with taxpayers money in the first place, we wouldn't be in quite the pickle we find ourselves in at present.
In the lead up to the election, a lot of people fell for that line but the pickle is actually the result of certain bankers gambling with money they didn't have.
The Labour government did the right thing at the right time by recapitalising British banks ... and Ozzie still hasn't said what he would have done.
Everyone knew (including Labour, Darling did say so) that spending would have to be reduced.
The question was, by how much and over what period of time to do it.
Dave and co., convinced enough people that it needed to be done fast (despite the high probability of utterly knackering growth in the process, as we are now seeing and as many predicted). He and his millionaire cabinet are untouched by all this (but are of course, all in it together) and are using the excuse of debt reduction to dismantle any part of the welfare state that they can. e.g. The NHS, schools, the safety net of benefits (except, of course, those that the middle class voters get, like child benefit) whilst raising VAT (which hits the poorest smack in the area of necessities but the rich only in losing a tiny amount of luxury, and then only perhaps ... incidentally, just look back at the history of VAT, who introduced it and who has always raised it? I'll give you a clue, never Labour) ... and all while Dave and co. are positing ideas like reducing the 50p top rate of tax and doing bvgger-all about offshoring of profits to avoid tax (e.g. Vodaphone, Tesco etc ... and, let's not forget, Virgin, who have just bought a chain of banks from us, nice and cheap).
But we must remember that it's all Labour's fault for running up a debt lower than the tories had.
