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    GaryC - The cuts are indeed if anything not enough.

    We have had a structural deficit since 2005 and the cuts will only return public spending back to 2007 levels.

    These are in fact not real cash cuts but a slow-down in the level of increases to below inflation if you look at the figures. I should also point out that the Callaghan government under the requirements of the IMF bail-out 'cut' spending by 3.9% over 2 years while the Osborne 'cuts' are 3.7% over 5 years. So Osborne is hardly cutting too fast and deep.

    You should also look at the real figures for recovery from previous recessions. Real life does not reflect Labour's silly claims about the 'dangers' of cuts.

    The fact is if you went out and spent £4 for every £3 you have in income for 8/9 years, making up the difference with loans and credit cards there would be serious consequences for you. It is exactly the same for governments too - but we all pay those consequences.

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