Tory dogma and hypocrisy: the “big state”, bureaucracy, austerity and “freedom”
April 10, 2014
The thing about reducing the public sector debt is that it ipso facto ALWAYS leads to an increase in private debt – the many people who can’t afford the basic services that are being withdrawn have to borrow money in order to afford them. And then, when they try to pay that off, they have to stop buying other goods or services. The companies they were purchasing from therefore lose sales, and in turn lose profits, and may have to lay off staff to avoid making a loss.
And so, when enough people stop purchasing, unemployment starts to surge and…. CRASH! goes the economy.
It’s really simple, it’s really obvious, but very few people seem to get it. George Osborne is certainly not one of those few.
The Tories are not “paying down the debt” as claimed. They are “raising more money for the rich”
Labour’s social and economic policy was a success, and this is substantiated by the LSE’s definitive survey of the Blair-Brown years:
“There is clear evidence that public spending worked, contrary to popular belief.” Nor did Labour overspend. It inherited “a large deficit and high public sector debt”, with spending “at a historic low” – 14th out of 15 in the EU.
Labour’s spending increased, and money was invested in public services and social programs, and until the crash was still “unexceptional”, either by historic UK standards or international ones. Until 2007 “national debt levels were lower than when Labour took office”.
After years of neglect during the previous Conservative administration, Labour inherited a mess: public services in very poor state, shabby and squalid public buildings and unforgivably neglected human…
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