This is an excellent detailed analysis of the Tory – and thus LibDem – lies on the economy.
“The deficit reduction programme takes precedence over any of the other measures in this agreement” – stated in the Coalition Agreement.
For a government whose raison d’etre is deficit reduction, the coalition really isn’t very good at all.
Of course the truth is that this whole process of prolonged austerity is NOT about deficit-cutting. It’s just the cover for Tory ideology. It is actually about shrinking the State and squeezing the public sector until it becomes marginal, then none existent, in an entirely market-driven society. The banker crisis generated deficit has been a gift to the Tories in enabling them to launch the scuttlebutt that public expenditure has to be massively cut back, which they would never have been able to get away with without the deficit-reduction excuse in the first place.
And I am still seeing the “inherited debt” LIES that the Tories are still telling, despite official rebuke from…
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