Originally Posted by
Zaphod
No, we need to kick start the economy, but be careful of amounting vast sums of debt that successive generations will need to repay. Just because interest rates are currently low, does not mean that we should borrow asd much as possible. That would be irresponsible for any government.
That's not a logical argument though. Even if the premise is true (I haven't checked), it does not mean that we received great value for money, and it still does not invalidate argument around the wider issue of inefficient spending and burgeoning debt. Treasury has indicated a combination of higher taxes and lower public services will be required to balance the budget as best we can. The massive spending and borrowing has created a significant long-term problem, as would be expected.