Monty13
Active Member
What an incredibly simplistic guardian like analysis of the economy, battling against an equally simplistic daily mail view!
I wonder if anyone thinks its a coincidence that in their last year in power Labour nearly tripled the deficit? Your also ignoring the fact that by the time Labour left power around a third of the defecit was interest on the money they had already borrowed, rather hard to eliminate without paying any debt off.
Oh and the whole debt by year thing - cough - global financial crisis.
The graph you show is rather useless without showing each years comparative economic growth.
The simple fact of the matter is the 1996 government was handed a growing economy which had borrowed sensibly and had a deficit that was being cut year by year. They reaped the benefit of this, economic policy changes really take years to show results.
The current government was handed an economy in terminal decline with rampant overspending.
My analogy for you would be when I lend someone my car I would expect to receive it back having been well maintained. I dont care if for the majority of the time they borrowed it it is was well looked after, if when I actually get my hands on it its been ragged into the ground and left with an empty petrol tank.
But politics is so dull, most people are so entrenched in their partisan beliefs that theres really no debate to be had.
I wonder if anyone thinks its a coincidence that in their last year in power Labour nearly tripled the deficit? Your also ignoring the fact that by the time Labour left power around a third of the defecit was interest on the money they had already borrowed, rather hard to eliminate without paying any debt off.
Oh and the whole debt by year thing - cough - global financial crisis.
The graph you show is rather useless without showing each years comparative economic growth.
The simple fact of the matter is the 1996 government was handed a growing economy which had borrowed sensibly and had a deficit that was being cut year by year. They reaped the benefit of this, economic policy changes really take years to show results.
The current government was handed an economy in terminal decline with rampant overspending.
My analogy for you would be when I lend someone my car I would expect to receive it back having been well maintained. I dont care if for the majority of the time they borrowed it it is was well looked after, if when I actually get my hands on it its been ragged into the ground and left with an empty petrol tank.
But politics is so dull, most people are so entrenched in their partisan beliefs that theres really no debate to be had.
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