After the protests over the deficits, the government has said that it has no plans to alter it’s tactics and is planning more cuts. We all seem to decry this. I have done so myself. I do sometimes wonder, however, if they haven’t got the right idea.
The basics of the plan is simple. We have, for some time, been spending more money than the country earns. We have been doing this by borrowing money. We need to pay this money back and the only way to do that is to re-appropriate the money we already have. So, the government has been cutting the money it spends on things in order to re-pay some of the money we owe.
It should be pounted out that we are not paying back the whole deficite in one go, like a mastercard bill. Most countries have a manageable deficite so the chances are we will be keeping that expendature at some level. What we shall be doing is removing a good portion of the debt to reduce the interest we have to pay. In the lonug run, this is something thay will give the country more money to play with, without having to put up tax… or at least, not at the rate it would have had to increase otherwise. Ultimately, that is a good thing. It’s actually something that I had been worried about for some time under Labour so for me, this is a good change.
I completely understand why people are worried about cutting too much. It is a natural reaction to have when we start to see some of our services suffer. The thing is, I can’t see another way out of the debt that Labour left us in.
The one good thing that has come out of this is the proof that we are willing to take to the streets for something that we believe in, even if our reasons are less than altruistic. Let’s make no bones about it, people are only protesting because they think they are loosing something.
I’m not sure we will be loosing as much as is claimed. The government doesn’t seem to think we shall be loosing anything and the protesters do. I suspect that the truth lies somewhere between those two viewpoints. Actually most people agree that the cuts are needed and the only difference is the gornment want to make the cuts quickly and the public want some of thtle burden of cuts to be spread accross seberal years. To me, it doesn’t marter how these cuts happen, they are likely to happen anyway.
Please don’t take this as a comment that I am for the government in this topic. I am meerly saying that the cuts do seem to be giving us a benefit at the moment, all be it one that we won’t see for some time. Yes, some people are loosing their jobs because of this and that is a tragic thing at a time of resession. At the same time, it is not the job of government to employ the populous. Of course they will employ some people but employment should be coming from the private sector. We can’t pay for things that we can’t afford, surely?
Ultimately, if the government won’t back down then we shall have to wait and see what their policies do to the country. I hope that, in the long run, we shall all be better of. I’m sure we shal, unless big business gets too much of their own way, but thay is a subject for a new post.