NJS 2833 Posted June 5, 2010 Share Posted June 5, 2010 The way I understand it CT is that up until the credit crunch, the deficit and the total debt were considered perfectly manageable - just like a family who has a mortgage and maybe other loans but has a decent total income so everything's okay. The mistake that was made which I think most people accept is that it was assumed the golden age of financial services was unassailable - not many people were predicting such a shitstorm even if in hindsight is seems obvious. I still don't think that going all out to pay off all the debts as soon as possible is the right strategy as I think it will do a lot more harm. I'd rather see a measured approach which says it will be paid off as and when we can afford it. Of course obvious wins like cancelling Trident should be part of that. Link to comment Share on other sites More sharing options...
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