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  Ross - nice to see someone 'from the left' expressing a well informed perspective.
  
  I am looking at things from an economic and not a political standpoint and start from the fact that the mess we are in offers no painless way out at all.
  
  What is needed is to do what is necessary to place the UK economy on a sound footing as quickly as possible. Better short term pain than a long drawn out agony. Some measures will be more damaging than others and, I believe based on good economics, that a big hit on public spending to correct the deficit sooner not later will be least damaging way forward.
  
  We will reach 'the same place' in the end, it is just how long it takes to get there.
  
  Defaults do not offer an answer and many of the weakest and most vulnerable who have no chance to benefit from 'increased economic activity' will suffer the most - particularly the elderly. The 'poor', however you want to define that, unless elderly or genuinely disabled and unable to do any work at all, will benefit from an improved economy and can increase their 'economic activity' as the economy rebuilds. That increase activity may just be getting a job, or doing more overtime or improving their skills and being able to gain higher incomes or switching employers in a vibrant jobs market to increase their income. There are many way people who want to can improve their lot but to do that they need a 'working' economy hence the need to do what is necessary to get that.

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