Thursday, 11 November 2010

'unprecedented financial crisis'

The graphs here are interesting:

They show that the current public debt (around £0.8 trillion) is nothing exceptional, which suggests that the lefties are right when they assert:

The notion that we are facing an 'unprecedented financial crisis' is plain false, and this falsehood is being deliberately promulgated simply as a tactic by right-wing ideologues to sate their desire for slashing what they have always hated - the public sector.

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