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Why is it that some people fall into a trap, as Howard has done in #14 of somehow suggesting that growth is/should be plan B or is an alternative to public spending cuts?
The simple fact is that public spending is so massive, the deficit is so massive cuts to it are essential for growth. These cuts are part of a growth strategy.
Yes, the cuts are not deep enough, yes they are not quick enough, yes they are doing only enough not to scare the lenders into charging us higher interest rates, yes more things need to be done for growth, yes we have to help businesses.
Growth must and can only come from the private sector. The public sector is a burden it carries.
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