Took my eye off this

The problem is that cutting only reduces demand further - the deficit widens, so you need to cut more and so on. This solution makes the problem worse - and we now not only have the thirties to look at but the evidence of the last two years. We need to generate growth - then the deficit will come down through higher tax revenues (not the same as higher taxes). Generating growth isn't that hard - but you need to get beyond the myths, especially the nonsense about ending up like Greece . Our finances are nothing like Greece or Cyprus, nor would additional borrowing make it worse. Even America is spending proportionately on public infrastructure than we are. You are repeating things here that really don't stand up to scrutiny - although to be fair, facts and details aren't as widely reported as the myths and cliches:)

Posted By: Tressells Broadbrush, Apr 9, 17:37:29