Quote:
Originally Posted by LeatherTrumpet
During the 13 years in which Labour was in power, there was an almost x3 increase in the national debt
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We were at war, war does that drain resources. Are we at war now?
( plus a recession)
'But if the government spends less than it receives, then of course it would run a budget surplus. This may seem a strange concept in today's economic climate, but between 1998 and 2001 we had four straight years of surplus.'
Labour here reducing the deficit also without doubling debt.
http://www.bbc.co.uk/news/business-25944653