Soldato
- Joined
- 7 Jul 2009
- Posts
- 16,234
- Location
- Newcastle/Aberdeen
Austerity isn't just about promoting growth though, it's about developing a sustainable economy that isn't just growing artificially by borrowing more and more money.
Growth can come later, once the need to borrow billions on top of billions just to pay the bills has been resolved.
Growth is exactly what you need to recover from a recession. As GDP rises the debt falls as a % of GDP. And i don't know if you had noticed, but the tories are still borrowing billions upon billions because we're still running a deficit. Because that's how national economics works. The tories wouldn't have been any different if they had been in power during the crash.