|Borrowing only became 'a problem' during the global banking crisis in 2008.|
They're not a problem. I'm deadly serious. We don't even need to make cuts, that whole idea is, frankly, bullshit, but as per usual the mainstream tabloid media has sided with the fat cats in Whitehall.
It's not an issues because simply; we can grow our way out of this.
We could switch to the euro as well, that would only help considering how strongly the euro is bouncing back, and if the UK took it up we'd be in an even better situation as that can only serve to strengthen the euro. Arab oil is going to be traded in euro's, not dollars anymore.
We could have just invested further, and we'd grow our way out. After WW2 and the US war loans, we didn't decided to just pay it off in one go did we? No. We paid over time as our economy grew.
When you have a mortgage, you don't pay it off in a single lump sum do you? No. You pay it off over 25 or 30 years.
Same thing applies. We're risking double dip by cutting left, right and centre. There's no justification to cutting university budgets and raising uni fees. They're already removing universal benefits, the most important British advancement since 1945, they're saying this will actually improve things, I think they should cast their minds back to pre-1945 after means tested benefits came in, and the lower-middle class became worse off than the 'poor'.