beorhthelm
A. Virgo, Football Genius
- Jul 21, 2003
- 36,019
Way, way out. Lazy tabloid-fed junk.
Take a look at this graph. It shows debt as % of GDP since labour came to power in 1997. Up until 2008 when the global financial crisis kicked off labour kept debt levels down below that of the previous tory government.
funny how people pull up that graph and ignore the trajectory from 2002-2008, which was projected for 40-45% by 2012 at the time. with an increasing economy that should have been going the other way. considering this is a period when off balance sheet PFI deals where being driven hard, so you have to conclude an awful lot of spending was increasing out of control.