[Brillopad]

Originally Posted by DemolitionRed

Austerity is just a stealth tax on its nation. We can never have austerity because to have no debt is to have no economy.

Every time I hear "Labour spent too much" I want to scream. Its a fundamental misrepresentation of the facts. Is it too much to understand that the crisis in bond markets started with the banks and will end with the banks? Austerity reduces wages, cuts growth and shrinks the economy. Its a class specific put-option that comes as at a cost to both working and middle class people.

Austerity is the greatest bait and switch in British economic history and it will keep bleeding us dry because most people don't understand it and believe it to be a good thing!

Out of interest what makes you the expert as you keep suggesting you know more than most others on the forum. What are your credentials?