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Cut the defecit? Or maybe not?
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Graham_Devon wrote: »George Osbourne tommorow could announce that the defecit is not going to be cut in this parliament, rather plans to be announced to start cutting the defecit in 4 years time.
Not only that, but actually we may see the defecit increase in this term.
This comes from Nick Robinson (BBC Political Editor).
Remember, this is not confirmed, however, there doesn't really seem to be a way to spend the amount of money they plan on spending, AND cut the defecit, based on spending borrowed money. Unless of course there are radical cuts elsewhere.
If the defecity is increased and cutting it is kicked into the long grass for at least another 4 years, how will this effect us? I mean in terms of how on earth will we cut it, if its even bigger in 4 years without triggering another economic problem?
Are we really trying to compare the deficit 0f 2005 - 2010 to 2010 - 2015?0
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