Those damned Tory spending cuts

[amcdonald]

So once we have eradicated the deficit we then need to turn to the debt, this is going to be a long haul

Except Labour will probably get back in before the debt is paid off, and will soon be spending like a drug addict with a stolen credit card

[TimberWolf]

Even if the government budget was frozen at the current levels, there would have to be cuts in spending in the departments due to the increasing debt.

This year the government expects to borrow another £135 billion (£135,000,000,000), over £5000 per house!

Interestingly appropriate turn of phrase.

[OwlHoot]

Except Labour will probably get back in before the debt is paid off, and will soon be spending like a drug addict with a stolen credit card

Exactly - The Tories would be crazy to try and make inroads into the national debt (although I dare say Lib Dems _are_ crazy enough).

Keep the damned thing as it is - A mountainous reproach to socialist meddling and misspending and, what's more important, a barrier against more!

[lukemg]

Takes years to build up to this level of expenditure and more years to make all the cutbacks - which are mainly people, who need paying off and demand consultation, appeals against the decisions yada yada. Most people dont understand that the defecit is still increasing we are still paying out MORE than is coming in. Have to tackle this first THEN cut into core payments. Meanwhile the interest payments are taking a chunk out of everything. No wonder they arent crying about inflation, it works a treat for those in debt !

[Old Greg]

Takes years to build up to this level of expenditure and more years to make all the cutbacks - which are mainly people, who need paying off and demand consultation, appeals against the decisions yada yada. Most people dont understand that the defecit is still increasing we are still paying out MORE than is coming in. Have to tackle this first THEN cut into core payments. Meanwhile the interest payments are taking a chunk out of everything. No wonder they arent crying about inflation, it works a treat for those in debt !

Inflation is a great way out. That's why I stopped having savings and got a fixed rate mortgage instead.