Debt explained
The same scenario of tax cuts, national debt, and public spending cuts is being played out in New Zealand, Britain and the USA. Here’s the right wing argument in a nutshell…
public spending
The benefits of public spending
We know from history, and from our own recent experience, that tax cuts don’t cause growth. Privatisation and public service cuts don’t do us any good either. What does cause growth? Public spending. What’s more, public spending is much more efficient than the private sector too…