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Post 3:
Reg has rightly noted that, while the deficit may seem to be reduced, the actual overall debt has gone up exponentially.
So with all these spending cuts, we are in reality running against a brick wall, heading towards a situation such as that in Greece. Just a matter of time before we get there, as things stand now.
Austerity destroying Britain, and yet the Public Debt just going up all the more.
And we pay each year £50 billion pounds on the interest, tendency increasing.
Where does this £50 billion come from anyway? We the Public pay it.
So we are all being ripped off, and have austerity inflicted upon us on top of it!
Except, of-course, those who profiteer always, even from a Nation's misery...