debt as a proportion of national income is very different than absolute debt? stimulate growth through good policies and you can then reduce debt as a % with out cutting spending or borrowing.
I think the electorate rightly and wrongly hang onto small things, so things like the golden rules make sense, people need to be confident in some level of fiscal responsibility rightly or wrongly...
debt as a proportion of national income is very different than absolute debt? stimulate growth through good policies and you can then reduce debt as a % with out cutting spending or borrowing.
I think the electorate rightly and wrongly hang onto small things, so things like the golden rules make sense, people need to be confident in some level of fiscal responsibility rightly or wrongly...