Sunday, 2 January 2011

False Economy

Good site debunking some of the myths surrounding the ideological need to cut public spending, False Economy:

Yes, our debt is going up and is higher than it was before the election.
But it's still lower than it's been for many years this century, and is lower than in many other similar countries.
Yes, it's costing more to pay back our debt and it's going up.
But it's lower than most years since the second world war. Just 6p in every pound of spending went on paying off debt last year, compared to 8p in 1996.

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