Originally Posted by
broc 
You would think by now that the Government would realise that slash & burn tactics applied to public sector finance are not the answer... look at the state of the southern european countries after their austerity measures.
Equally, indiscriminate public sector spending growth built entirely on borrowing is unlikely to solve the problem.
What we need is for the public sector to get better value for money when it is spending & stop the politicians (local and national) from funding their 'pet' vanity projects & forcing change driven by political dogma, such as in the NHS or with 'free' schools.
PFI & BSF are both prime examples of how the Government wastes money. It beggars belief that successive Govts have employed PFI to keep liabilities 'off the books'.......& mortgaged our future & our childrens future for years to come.
It is ironic that the Govt has a AAA credit rating & can borrow money for ridiculously low interest rates, but it would rather borrow the money to bail the banks out so they can lend money to businesses so they can build Hospitals, Schools & other public works under PFI..... & then have the taxpayer paying commercial interest on repayments (&shareholder profit) for years to come. Why didn't they just borrow the money & build the schools & hospitals themselves?
