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No. 454142
Anonymous
13th September 2022 Tuesday 3:59 am
454142

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>>454141
Not that lad, but public spending doesn't have to fall for cuts to be made. If it takes - say - a 10% increase each year to maintain the same quality of public services and you're trying to keep public spending within certain limits, so you make a 5% increase, overall public spending increases yet services get cut to meet the budget.
The NHS is a good example of this: It gets piss all funding compared to practically any other first world healthcare system, while an aging population means demand is growing far faster than budgets, so things wind up being cut even though on paper budgets are going up all the time.
(For a fun chart: look at the real terms wages of NHS workers, which were intermittently frozen or given below-inflation increases during the coalition years. The number on the budget stays the same or goes up, yet they got poorer...)
>Does "austerity" just mean "we want potentially unlimited budgets for Good Things"?
No, but this quickly leads into a separate argument about the nature of public spending, the relationship between deficits and growth, and all sorts of other things. It's perfectly possible for a cut in public spending to lead to higher borrowing in the long term, and for higher spending to lead to lower borrowing, and for all sorts of other things to happen. The very short version would be that the government had options and it broke for shrinking the state relative to the economy as a whole.
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