Sludge,
as always with you it is black and white with nothing inbetween (a bit like your ears).
The deficit was £157bn in 2008 and back then the general perception was that it needed trimming. The way to do this was cuts to public spending. Now if Osborne embarked on a cuts only programme without raising taxes, there would be some merit in your argument. But Osborne opted to raise taxes and cut services to try and balance the books.