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Who are you voting for in the general election 2017?
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<blockquote data-quote="Deleted member 371625" data-source="post: 1481554"><p>Labour did not cause the global crisis, you are right.</p><p>However, when the crash hit we were already deep in the red from over borrowing (and 300billion of Browns beloved PFI wasn't even included in the borrowing figures). This severely limited the governments room for manoeuvre - tax cuts and public infrastructure projects are best in a downturn but you can't do this when you have 'run out of money'. This was largely due to Brown's supreme arrogance in believing that this was okay as he had 'abolished boom and bust' in contravention of all known economic laws.</p><p></p><p>Incidentally, I am at a loss to understand why anyone believes that the Tories have cut spending. Other parties repeat this lie over and over and people believe it instead of checking for themselves (it isn't as though politicians have a good track record of veracity!). Treasury figures in the attachment show real terms changes over the last 20 years and everything but welfare (small reduction due to fewer claimants and lower benefits) and education (small reduction due to lower government payments to universities) have increased. The recovery would have been much quicker if public spending had really been cut, though this would have had considerable social implications as our society has become very dependent on tax and spend. Would anyone have wanted a quicker recovery at the expense of health, education etc.</p><p> <a href="http://www.ukpublicspending.co.uk/total_chart_gallery" target="_blank">http://www.ukpublicspending.co.uk/total_chart_gallery</a></p></blockquote><p></p>
[QUOTE="Deleted member 371625, post: 1481554"] Labour did not cause the global crisis, you are right. However, when the crash hit we were already deep in the red from over borrowing (and 300billion of Browns beloved PFI wasn't even included in the borrowing figures). This severely limited the governments room for manoeuvre - tax cuts and public infrastructure projects are best in a downturn but you can't do this when you have 'run out of money'. This was largely due to Brown's supreme arrogance in believing that this was okay as he had 'abolished boom and bust' in contravention of all known economic laws. Incidentally, I am at a loss to understand why anyone believes that the Tories have cut spending. Other parties repeat this lie over and over and people believe it instead of checking for themselves (it isn't as though politicians have a good track record of veracity!). Treasury figures in the attachment show real terms changes over the last 20 years and everything but welfare (small reduction due to fewer claimants and lower benefits) and education (small reduction due to lower government payments to universities) have increased. The recovery would have been much quicker if public spending had really been cut, though this would have had considerable social implications as our society has become very dependent on tax and spend. Would anyone have wanted a quicker recovery at the expense of health, education etc. [URL]http://www.ukpublicspending.co.uk/total_chart_gallery[/URL] [/QUOTE]
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