The fact is as follows:
The Coalition got in 3 years ago inheriting a £750 billion public debt;
they cut massively wherever cuts could be inflicted;
they are planning more cuts for periods that go beyond their 5 year mandate.
When the next Government gets in to Parliament, they will find a public debt much higher (currently topping £1 trillion);
they will find that there is no Government spending that can be cut any further;
they will be therefore in a predicament by far worse than what G. Osborne found in 2010.
The next Government may also have to bail out the private pension funds and inherit their liabilities too.
In short, G. Osborne has stated that the economy has just been wheeled out of intensive care.
Yes, Dr. Mengele!
It is now hanging in the butcher's shop.
