Image by HM Treasury via Flickr
The Chancellor, George Osborne – Unsustainable Spending
The national debt has now officially passed £1 trillion. (There is room for debate around exactly when that happened, but the official figures say it is now.)
A Treasury spokesman said:
That our national debt has reached more than £1 trillion simply shows the unsustainable level of spending this country built up over the past few years, and shows why it is critical for our nation’s future that we deal decisively with the deficit.
So far spending under the current Tory government is UP. So if Labour’s spending was unsustainable, what can you say about the Tories’ spending?
Remember, you or your children are paying.
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Agreed. But this is all Indian Bicycle Marketing – it is in the electoral interests of both the Tories and of Labour to pretend that there are some Savage Tory Cuts going on.
I completely agree, of course. That’s why we need to take every opportunity to tell people what is really going on.