This from Rick at Flip Chart Fairytales, as far as I can see, is an accurate interpretation of the Conservative Party’s proposed deficit reduction plan. Pretty much like its last deficit reduction plan, the one that it got elected to deliver in 2010. The one that said the deficit would be eliminated by 2015. For those of you who are inclined to swallow the lie that the Tories can be trusted with the economy, not only have they missed their own deficit reduction target by a whopping £90 billion, there is near-global consensus that their austerity policies in the first half of the last parliament pushed our economy back into recession, and that the anaemic recovery of the second half only occurred after they did a quiet u-turn and increased government spending away beyond their original plans. For our economy to work money has to flow through it in abundant and regular cycles. There is no escaping the fact that government spending is one of the main mechanisms that we have for maintaining that flow. Why would anyone be surprised that a reduction in public spending would make the economy tank? Anyone other than an ignorant idealogue who’s obsessed with shrinking the size of government regardless of the consequences, that is.

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