Squilliam on 20 December 2012
Because the economy is fundamentally unsustainable. Structural problems in the economy have simply been hidden by the creation of more debt. The problem really isn't a choice between austerity and spending it is at it's heart caused by an increase in costs for fundamental sources of energy and resources. This has been hidden by increased retirement savings which is effectively consumer austerity and government austerity. It is essentially a method of gracefully contracting the economy to fit long term resource limitations. The current financial crisis at it's heart is just a good way to evaporate 'paper' money out of the economy.
Tease.
