The post you are reporting:
The main reason for Britain's relative economic decline is the intolerable burden that the state poses on business. If we want a more prosperous economy with more better paid jobs in which it is British companies are buyng up overseas businesses, rather than the other way round, then the burden of the State is a problem that must be addressed.
As that burden has increased gradually over the 20th century our economic fortunes have withered and we seem to be going from one economic crisis to another. In the UK state spending is at 53% of GDP compared even to (nominally Communist) China where, amazingly it is only around 28%.
All of public sector spending (including that on the secondary public sector, companies that wholly or partly get their income from the State) ultimately depends on the private sector to generate the wealth and income of this country. So the higher public spending is the bigger the burden the private sector carries.
If we want to compete in the world economy and to alleviate the regular financial crisis, then we must respond by reducing the public sector burden to under 30% of GDP and, once there, there should be legislation to link public sector spending to GDP preventing it from ever going above 30%, so in that way governments that want to increase spending will have to get it out of increased economic success and not just by putting up taxes or borrowing.
Lets be clear though - some public sector spending is essential for a healthy economy, it is not all bad. We need a healthy and well educated workforce, good transport infrastructure, we need law and order and a strong voice in the world with powerful armed forces. Needless to say that we do need to look after the long-term sick and elderly too.
But is must come from more efficient spending and from an overall lower level of spending. Not all of that neither should fall on the taxpayer and it would be more efficient long term for more use to be made of insurance based provision rather than state benefits.
Thats enough for now. But the case is simple Marek - the government, even with Osborne's rather mild cuts that return public spending to 2007 levels, government will still be spending far too much.