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I can agree with most of that Keith (B)
What we have is a catch 22 though demonstrated by your post. We most certainly have too much being paid in benefits and wasteful public spending. Governments try to do too much and most of it just piles on costs to business that damages competitiveness. Public spending and taxes both must be cut for these reasons. But there is a problem because the government has been spending more than it has income, by a massive margin. This has exactly the same problem as you would have if you just kept spending on credits cards every month only paying off the minimum. So necessary spending cuts are just being made to reduce the amount the government is overspending, they are not cutting enough to really reduce the burden on business fast enough enabling it to grow the economy. That is why it is important to look at other ways to reduce the burdens on business as well, such as making the labour markets more flexible and de-risking employment for small companies - this comes back to where we started.
Your last sentence, yes there is enough money but it is the government that is soaking up far too much of it - the last figure I had was 53% of it from 2010, a bit lower now but still not low enough. It needs to get down really to about 30% for us to be competitive internationally. It will take a lot of years to get it as low as that, growth must be the main way to do it but substantial public spending cuts must be made so growth can get moving.
That was a good post Keith (B).
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