hampshireblue
Well-Known Member
- Joined
- 10 Dec 2014
- Messages
- 3,055
So what are you, or, more importantly, others prepared to go without?So what's your alternative? Just spend more money we haven't got?
Today is the first day of the rest of your life, so it's somewhat academic how we got here. It might make you feel better having a good rant about a system and people you don't like, but that changes nothing.
Fact is we are spending £125bn per year on debt interest as it is. Increasing that further would be utter madness. And also the fact is, you cannot just keep increasing taxes and expect it to not have a negative effect upon an economy that is not even growing as it is. And finally, Reeves has ruled out breaking her fiscal rules.
We have 3 options: Spending cuts, tax even more or borrow even more. Given the humungous size of the welfare bill, which is expected to balloon even further, spending cuts (and efficiency improvement wherever possible) has to be the focus no matter how unpalatable. The other two options won't work, no matter how much you wish otherwise.
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