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    The answer is yes Ross. If you do not act quickly to deal with the deficit then the next recession will hit and we will be back to square one. Recessions/slowdowns are a part of the economic cycle and are inevitable, the economy must march in tune with that cycle and getting it back 'in tune' needs speedy action.

    We have to remember that politicians have their own cycle too, an electoral cycle. Sadly public attitudes on this forum are demonstrating why they find it so difficult to run the economy properly and from that no politician of any party is immune.

    Bern, Howard - you cannot help anyone if you beggar the nation.

    The boss of Microsoft was in the news recently because he is giving at least half of his wealth to charity. If he was not such a ruthless, single minded and sharp businessman over the years he would not have that wealth to give away.

    The creation of wealth must take priority. Take from it what is sustainable to help the less well off. The more you help that wealth creation the bigger the overall pot available to be dipped into sustainably.

    The left go on and on about environmental sustainablility in this way but simply ignore it for the economy.

    They tie the hand of businesses with red tape and require them to fulfill their social objectives, tax them more than they should, tax those who make those businesses successful more than they should, tax their customers more than they should and then are surprised when the wealth dries up. Daft plain daft.

    Yes - I do place a priority on wealth creation and a healthy economy first and foremost - it has to be that way.

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