The issue is that the deficit was caused by the global financial crisis

But the banks were bailed out by public money.

They were then further enriched by Quantiatative Easing - litterally the creation of money from nothing - which failed to trickle down to the normal economy.

Study after study has shown that austerity doesn't work. It is an ideological project.

Even John Redwood came out the other day and admitted that he wasn't worried about the deficit: User Posted Link

Posted By: Knitted Jesus on March 9th 2018 at 09:12:13

Message Thread

So Norfolk County Council is now at risk of bankruptcy (General Chat) - Dracula, Mar 9, 08:43:35
- so i understand this , the answer is (General Chat) - ghostof barry butler, Mar 9, 08:52:11
  - The issue is that the deficit was caused by the global financial crisis (General Chat) - Knitted Jesus, Mar 9, 09:12:13
  - or raise taxes (General Chat) - grays, Mar 9, 09:09:34
    - The DUP didn't get any money (General Chat) - ghostof barry butler, Mar 9, 09:23:52
      - miss the point though (General Chat) - grays, Mar 9, 09:35:00
        
        regarding the NI point (General Chat) - ghostof barry butler, Mar 9, 09:43:52
        
        ok fair enough (General Chat) - grays, Mar 9, 09:47:51
        
        To be fair Grays its all down to individuals. (General Chat) - Hulk Rules, Mar 9, 12:03:01

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