"Fredxx" wrote in message
news
On 24/07/2018 17:38, bert wrote:
In article , "Dave Plowman (News)"
writes
In article ,
Andrew wrote:
1. Massive, year on year increases in the national debt, which by
2010 was increasing by £150 billion per year. That's the entire
cost of the 'free' NHS and the 'free' education system being
*borrowed* every year.

Tees hee. Now look at the national debt since your pals the tories
gained
power.

Of course, because of the massive budget deficit they inherited.

Not that old chestnut! Until 2007 Camoron said he would match Broon's
spending plans as well as proposing tax cuts.

Thats not what produced the huge budget deficit they inherited.

The Tories also wanted greater deregulation of banks too.

But its less clear that they would have spend that stupid amount
of money buying up those banks that had failed as a result of that.

I might suggest you rejoice it was Labour in Power, otherwise the ConDem'
would have inherited an even bigger mess.

Even sillier than you usually manage, and thats saying something.

First thing get the deficit under control and budget back into surplus.
Then you can start reducing debt. Unfortunately there are no quick fixes
for this scale of problem at least not without real austerity of the kind
visited on the Greeks by the EU.

Yes, it's a really smart approach for Greece, less so for Germany. German
tax payers pay for Greece's austerity.

And so they should given that it was the kraut banks that
were stupid enough to lend Greece insane amounts of
money that there was no possibility of ever being repaid.

https://en.wikipedia.org/wiki/List_o...e_to_GDP_ratio