From the TUC

Deficit reality deniers

06 Sep 2010, by in Economics

Those of us who question the scale and depth of the cuts are now being called deficit deniers. Of course we are not. We simply want to get it in proportion, and think through how urgent a problem it is and the best way of dealing with it and other economic issues such as high unemployment.

Others say that they once agreed that deep urgent cuts were wrong, but the Greek crisis changed their minds.

They should read Stephanie Flanders on some recent IMF research that shows that the UK is nothing like Greece, that we can easily finance our debt, that there is nothing special about UK debt levels and that if we wished we could easily finance a much greater level of debt.