In response to:

Is Anybody Surprised that Krugman Was Wrong about U.K. Fiscal Policy?

everyonesfacts4usall Wrote: Jan 24, 2013 10:24 AM
If you disagree about Britain, do you disagree about Ireland, Greece, Portugal, Spain, etc? Countries that have definitely followed austerity measures?
FletchforFreedom Wrote: Jan 24, 2013 5:44 PM
yet again, you need to fire your incompetent fact checker as NONE of those countries have followed austerity measures and continue to fight over what areas the GROWTH rate in spending needs to be cut. You "definitely" are incapable of getting your facts straight ... which is no surprise to anyone at this juncture.
Michael3783 Wrote: Jan 24, 2013 12:01 PM
Think of increasing debt as the water temperature in a lobster pot. You don't notice it as it gradually increases, but before you know it, you're on a dinner plate.
True Conservative! Wrote: Jan 24, 2013 11:42 AM
Give it time to work, lefty! They didn't get into their fiscal hellholes overnight. That's the problem with liberalism ... it takes a looong time to dig your way out of it!
wiseone Wrote: Jan 24, 2013 10:43 AM
Liberals can't figure out that all gov't spending originates as wealth in the private sector that is confiscated by force of law as "taxes". They can't figure out that as gov't spending surpasses 1/3 of GNP it means that real GNP is less than 2/3 of the advertised number. Moreover, as gov't spending continues to increase exponentially private businesses and citizens become more and more impoverished.

Just like in the United States, politicians in the United Kingdom use the deceptive practice of “baseline budgeting” as part of fiscal policy.

This means the politicians can increase spending, but simultaneously claim they are cutting spending because the budget could have expanded at an even faster pace.

Sort of like saying your diet is successful because you’re only gaining two pounds a week rather...