As the last (Labour) treasury minister said; “All the money has gone”.

It’s over and deficit denial will soon be a thing of the past once Ed Miliband gets a grip of the Labour Party…

What’s more, these cuts won’t just effect services. As Ed Miliband said, look at the impact scrapping BSF is having on construction.

There was an interviewee from the BBC who earns more than the head of the Armed Forces. And she works for the BBC.

The lunatics have taken over the asylum. When people like Peter Mandelson said he was happy for people to get “Stinking rich” under a Labour government even he surely can’t have meant via public services.

As a socialist you should be horrified about that and should not be dismissing the IMF because their correct view doesn’t suit yours.

As for your first link please tell me why popularity indicates the correctness of a position – it’s either right or wrong and opinion polls cannot change that.

Your second link is someone’s personal opinion and it indicates it may be partially down to Alistair Darling – I agree. I have always said that he was right and that Gordon Brown was wrong – especially in the way his own party treated him.

Just as you are wrong on this National Debt I’m afraid…

Of course there will be large numbers of jobs lost in the public sector. That is one of the main points of the exercise. These wealth-consuming jobs must be moved into wealth-creating jobs in the private sector. The challenge for the government does not stop with abolishing our mountain of debt. It must create a self-sustaining economy for the future; one not reliant on growing sovereign debt, the discredited approach of Blair, Brown et al.

And 2 nobel prise winning economists have said that this is the wrong approach.

And the fact is that the government’s own Office for Budget Responsibility has predicted over half a million job losses and that’s just across the public sector.

For all this to happen, the economy has to be growing in the first place. You might find the second comment in this article interesting:
http://www.guardian.co.uk/business/2010/sep/27/george-osborne-imf-backs-cuts?CMP=EMCGT_280910&

This debt is a result of the financial incompetence of the last government – why do Labour constantly bang on about the bankers when they forced Gordon Brown on the electorate?

Gold sales, “End to boom and bust”, “Lead the G20 out of recession” etc.

And when the chancellor Alistair Darling said Brown was wrong on the economy, which he clearly was, the “Forces of hell were unleashed” on him. By his own party. Charming.

It appears that Ed Miliband will make these points in his speech this afternoon. I do hope that after that people will stop this deficit denial.

The fact is you can wrap this lot up however you want but the government is correct to take a risk – that’s it’s right. Labour and all the doom merchants are wrong. There won’t be a “double dip” recession.

Move on all.

The economy will grow at a slow rate for some considerable time as we recover from the legacy left by the New Labour coalition.

As the IMF have stated, and what most other sensible people recognise, is that the Government is on track to abolish the deficit without the prospect of a “double-dip” recession.

Darling’s plan, still shrouded in the utmost secrecy, is to increase the yearly interest payments on our sovereign debt from £44 billion to more than £70 billion. Some plan.

If you have slower growth, you stand less chance of cutting the deficit.

Compare that to the Tories’ proposed £59bn (£63bn – £4bn debt interest savings) – exactly double. Now that’s a clear and striking difference Labour could be drawing attention to.

Interesting to note that £7bn of the ‘spending cuts’ Labour signed up to are actually just debt interest savings (rather than cuts to spending on public services). The more I look at figures like this and think about options to do more on tax, the more I’m convinced Labour can set out a credible deficit reduction package that doesn’t involve cuts on anything like the scale the Tories are proposing.

(For instance, in 2014-15 – going by these figures – they’d need to endorse ‘only’ £29.5bn of real spending cuts, with a further £7bn achieved through debt interest savings and £36.5bn from tax rises. Compare that £29.5bn with the Tories’ £76bn…)