Deficit £180 bn... Bank Bail out £850 bn

The worst thing about it is- it was so predictable! And yet, the British public voted them in. Cameron showed his true blue colours yesterday announcing a spectacular cutting program aiming to half the deficit in five years. This truly is a terrifying aim. Oh, and the deficit is being blamed on 'excessive public spending', and not irresponsible bankers.

The tories have already caused damage in their first few weeks- whilst scaremongering the deficit to soften the blow for their cuts, they have also scared the markets into thinking Britain is screwed. The reality is: WE ARE NOT SCREWED(yet). As I have previously stated, the commitment to cut the deficit in this way is an ideological commitment to reducing public spending. It is in no way the only way, and certainly not the best way, to keep the country running. The deficit needs to be reduced- but it can be reduced at a much slower rate. Think about a huge loan you take out- you don't pay it back in five years and cripple yourself, make yourself ill with stress, lose your happiness. No, you pay it back in twenty five years and accept the higher interest payments as a necessary evil for it not ruining your life.

The economics editor of the Guardian scoffed at Cameron's economic plan yesterday. Cameron is using the Canadian model of budget deficit reduction from the 1990s. It was a successful model, and they reduced their deficit from 9% to 5.5% in five years. However, the 1990s was a period of unprecedented economic growth and the Canadian economy grew 3% each year. We are now in a great recession, and the tories themselves repeatedly imply Labour's modest growth forecast is wrong.

Back to basic Social Policy textbooks Cameron. Find the chapter on Policy Transfer. Find the section on 'it only works when you transfer policies from similar countries in similar economic positions'. I think you will find that this policy will not work, and as all the sensible economists with proper economics degrees and job experience will explain- your idea is shit.

With the rest of Europe adopting Brown's package for recovery, Cameron is doing it his own tory way: the way that screws over the less well off and makes the well off even richer. His claim about excessive public spending being the cause of the recession is total shit. Deficit approx £180bn, bank bail out £850 bn. So. The public have to pay for the mistakes of the greedy and irresponsible bankers. Is it so hard to see why we have a recession?

I love Cameron's speech about 'we're all in this together'. WE are not all in this together Mr Cameron. Whilst he swans around with his millions, the rest of us will feel the pain of the cuts. I also love how he was shocked that public spending went up during the recession- THAT IS WHAT HAPPENS DAVID. Read your GCSE economics textbooks.

Why is the government so thick??? Is it just me who can clearly see that the problem with our society is not public spending but the private sector?!

All the talk about 'big society', all the talk about 'new goverment'- it was obvious that the conservatives haven't changed one bit since Thatcher.

I love their new idea about getting citizens involved on making choices about where the cuts are coming in. Its such a clever idea to legitimise their cuts, and pass the buck of accountability onto the general public. Imagine it- 'well you chose to cut that, so don't blame us'. We shouldn't be having a say in WHERE the cuts are coming from, but IF cuts happen at all.... Oh no wait... we did have a say in that! When we voted Conservative in the last general election.

Thanks a bunch guys.