Thursday 22 October 2015

Not great when you get a simple judgement so wrong George...

"It comes down to a very simple judgement, do you think our system is too expensive, do you think we should move to a higher wage lower welfare economy "
George Osbourne 2015/10

Simply, the reason for cutting tax credits does not boil down to this George.

Argument 1 -  they are too hard too fast. If you will only bring up the 'National Living Wage' in parts... presumably to not shock businesses, why not show the same respect to normal working people?

Argument 2 - for the economic arguments why austerity isn't necessary to cut the deficit flick through this blog:  But generally, if you borrow to invest and your return is higher than the costs due to that borrowing, that equals getting a strong economy and then actually running a surplus..

Argument 3 - Politically/socially - the fact they said they wouldn't cut these, the fact it may force people out of jobs onto benefits again, and in poverty again, not to mention the expected number of children they are pushing back into poverty, when they said they care about social mobility and keeping children in the classroom because this education is a major factor in opportunities later.

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