Hasn't worked for George Osborne, has it? It has made life harder for millions by depressing their income and job security, whilst having a depressive effect on tax revenues and the level of public services. And at the end of five years of it, the deficit is still there - we need more cuts - more of the same. It has made it's proponents unpopular - and seemingly disconnected from everyday life. It's a bit like a football club who struggle in the Championship, so they decide to cut costs by employing a low rent manager who then acquires low rent players. The costs are successfully cut - but so are the revenues from attendances as the marginal fans become disenchanted with the poorer fayre on offer. Not surprisingly, the poorer players are unable to keep the club in the Championship, so the cost-cutting has to start all over again a league lower. Incredibly, the same strategy has the same results! So whether it's this season, or after another season of struggle, what will that club do when it finds itself another league lower? This country needs some vision at the top, so that it prospers by valuing it's people and investing in them - not by depressing their living conditions so that the few can exploit them as a source of cheap and expendable labour. When they have a good reliable living people spend, and when they spend, there is economic growth. And when there is economic growth, tax revenues increase, allowing for further investment. Sure, you can't go crazy with the spending, but some properly targeted investment might just make things a bit better. Now, where were we with that football club?
