Showing posts with label defitic. Show all posts
Showing posts with label defitic. Show all posts

Saturday, 6 March 2010

Gordon Brown not being honest about cuts, says Labour committee chairman | Andrew Sparrow | Politics | guardian.co.uk‏

I think Wright has a point. There are going to be cuts to spending, those cuts are going to affect services. It can't really be any other way

Sunday, 21 February 2010

Tories 'scaring' voters over deficit, says Brown‏

No shit, that's what oppositions do.
Election campaign:
Government: everything is great, and will get better with us.
Opposition: everything is awful, and can only get better under us

Economists back delay on government spending cuts‏

I agree with them. The best way to reduce the deficit is to grow the economy, while cutting the deficit too quickly risks growing the deficit because the economy will shrink again.
To me, the Tory policy looks good in text books and on supply/demand graphs but doesn't work so well outside the class room.