In the interests of balance can somebody please post a Telegraph, or similar right wing newspaper, article claiming it is and then the usual suspects can quickly get into a dogmatic argument based purely on partisan political leanings rather than common sense and get it all out of the way

As far as the rules go, it's a website not a democracy - Hambo 3/6/2014

Popcorn at the ready.

Proceed chaps.

Pride of South London
Upper Holmesdale Block P

[Link]

George Osborne 'We're bringing the years of irresponsible borrowing to an end' 2010

Really?

Attachment: IMG_20151121_104235.jpg (62.53Kb)

It's called a debt spiral, Nick. More (new) bonds sold to investors to pay off the debt owed to (old) bond holders in the next 10 years, and again and again every 3 months.

I believe a few things.

1. The debt went past the point of comfortable. If any economic crises occurred after 2008 and the main ones we'd have been really screwed.

2. There wasn't the global demand to meet Ed Balls' Keynesian suggestions. Eventually the economic multiplier effect would've run out with the type of economy we had.

3. I don't blame Labour for the crises, credit crunch etc. (I blame the people ignoring the World Bank warnings interrupting the halcyon days)

Labour didn't overspend if there wasn't ever a recession on the way, but there always is. So I do blame them for the rising debt. Economic life cycles have been going on for centuries but Gordon Brown thought he had the cure. Made himself look a right t1t. Ed Balls had no chance.

4 I don't necessarily think Cameron or Osbourne or any of the others will satisfy enough of what is needed or possible once the budget deficit is in surplus.

If Labour find a credible leader and a solution to the SNP problem, you might get your wish, Nick, albeit with a coalition with about 20 Lib Dem MP's. However, they'll struggle and probably fail to solve all of those past 2020 and those without a decent job AND a mortgage agreement will stay frustrated.

T Bliar is a selfish and self serving c*** and GB is a stubborn fool and there's no Tory to do more than the basic of disciplined austerity. That's required for a few years more but lots to do after that.

The working tax credits punishment for having a job that pays sh1t wages when someone else will be punished if you find a better job I am opposed to.

COYP

And having nothing in reserve as PM & Chancellor to deal with unexpected crises makes you naive and irresponsible.

There was a guy from the world bank who made a presentation in 2005 re: the rise in available credit. He was criticised by advisors in the white house. The Chancellor, Gordon Brown, claimed he'd broken the economic cycle and we were safe from any recession, ever. That in my book makes him a fool. Ed Balls is naive working from a text book and Cameron & Osbourne are lucky to be in the right place at the right time.

COYP