+ Visit Cardiff FC for Latest News, Transfer Gossip, Fixtures and Match Results |
And the party political wand comes out.
It is hardly tit for tat, I didn't even raise the issue. Any politician that tells the electorate they will do something and then can't achieve it, has failed. People fail in their jobs every day, no one defends me when I miss a target or deadline, why are we so precious about politicians?
That is what we are doing currently.
When someone borrows money to start a business, are they being greedy and hoping their kids eventually foot the bill or are they hoping that their idea is good enough to outperform interest rates?
A government can borrow money to invest. Austerity leaves us treading water and we have ended up in a situation where our 'growth' relies upon things that will eventually implode.
that's not really adding anything. Clearly the forecasts were overly optimistic and with the benefit of hindsight there should have been better stress testing.
However well the plan compared against forecast it is true to say that the deficit has been reduced by 2/3.
Depending on your politics will determine how you interpret that
Yes, he was counting on huge and sustained economic growth (more tax receipts rolling in, less benefits paid out) to eliminate the deficit. It's something they have singularly failed to achieve. Instead they've cut it by two-thirds through spending cuts and stealth taxes.
Again you are looking at this as being binary. The economics and politics if a nation is far more complicated than you suggest.
Was the deficit eliminated? No it wasn't and in that respect the policy failed. However it has reduced by 2/3 and when we look into the reasons why the policy failed, we see many factors, some of them external to the UK (e.g. the EU debt issue around 2012, the USA debt issue around 2013)