Soleron on 30 November 2010
| HappySqurriel said: What is so wrong with governments cutting spending, and using the savings to pay down debt? |
Nothing, assuming that doesn't mean a drop in services. And given how wasteful governments are, that should not be a problem. Look at the hundreds of quangos recently axed in the UK, to no net loss of function.
But cuting spending by privatising is just shifting spending from consumer -> govt -> utility to consumer -> utility and the lack of competition combined with lack of government control causes that to be inefficient.
