Quote Originally Posted by SLUDGE FACTORY View Post
Austerity

Huge cuts to spending

Nothing to do with Osborne

It must have been someone else
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.