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Doesn't work: see Britain's current recession. Cutting government spending when the economy is depressed will cause the economy to become more depressed, at whi
by MaysonL 14y ago
Doesn't work: see Britain's current recession. Cutting government spending when the economy is depressed will cause the economy to become more depressed, at which point tax revenues will go down, causing you to wish for more spending cuts... economic death spiral (think runaway inflation in reverse).
- protomyth 14y agoI'm a little confused, all the graphs I see of UK spending are upwards. They have not cut overall spending. The best I can say is the rate of growth of spending declined.