Personally I blame the Blair and Brown Governments.
I can only agree with you, though the clones that replaced Blair and Brown have managed to make even their borrowing look almost frugal, things will take a while to go full circle but full circle they will.
The ending of the present apprent economic miracle when interest rates finally rise, and the cooking of the nations books on ever more vast oceans of (still increasing) borrowed money over the last twenty years is revealed for all to see (and feel), when we as a country cannot service our now potentially catastrophic national debt, will be a lesson for many that they won't ever recover from.
Its a bit like political musical chairs, who's going to be the one left the year this house of cards (cads) finally collapses, young Gideon doesn't have the libs to point the finger at now and blaming the last lot, which they all do, isn't going to wear, they have all contributed to the mess we are in.
We don't have a manufacturing industry to physically work our way out of debt as has been the case before the 80's (and most of that is foreign owned anyway), the property bubble that our economy is relying on is stupidly fragile, only so many people can be employed by the state to service or rather manage the state and when the state can't pay? and don't get me started on the nanny state, a day of reckoning awaits.
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