Furunculus 17:06 01-24-2010
Originally Posted by
Louis VI the Fat:
Labour did not at all raise the UK's public debt. (Until the current international crisis)
Public debt:
year - GDP - Public debt as %GDP:
1979 197.438 44.01
1990 560.887 27.40
1997 815.881 43.76
2008 1419.55 43.24
2009 1439 55.20
Thatcher lowered public debt. Major returned it to pre-Thatcher levels again. Labour kept Public debt at the same level until the current crisis.
2009 saw an explosion of public debt throughout the free world. Until that, Labour governed fiscally responsible.
For those seeking a lowering of public debt, the question is: Will Cameron be a Thatcher, or a Major? If he is Thatcher, he might be just what Britain needs. If little Eton brat David is not of the stature of Thatcher, no need to bother with him if fiscal responsibility is your cup of tea.
using your own link i see a different picture:
http://www.ukpublicspending.co.uk/do...ent%20Of%20GDP
besides which, labours financial competance is already starkly obvious:
https://forums.totalwar.org/vb/showp...&postcount=129
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