debt is not nearly as high as the Tories claim and the need for debt reduction not nearly as pressing as the Tories say
Who in buggery is saying anything at all about debt reduction?
The current game is about stopping the national debt from spiralling ever upwards out of control. It\’s about slowing the rate of increase of it, not actually reducing the level of it.
He\’s got confused again between the level of debt, a stock, and the deficit, which is a flow.
And people who get confused between stocks and flows really shouldn\’t be writing about matters economic for the national press. They should instead be revising their GCSE economics methinks.