Re:UK austerity has inflicted 'great misery' on citizens, UN...
by matthewmacleod on Saturday November 17, 2018 @07:12AM
(#18475227)
By that logic the government should simply increase spending 10x on disability and everything will be great!
No, you've made a logical leap that isn't warranted.
There is nothing wrong with running a balanced and cautious budget, and I didn't say there was. But cutting spending on a service unnecessarily, when doing so raises the total long-term spending on that service is categorically inefficient. It's a classic example of short-termism – government ends up simultaneously forking over more money, and achieving less!
Everything has an ROI, everything has an efficiency.
Yes, I agree. That's why UK government austerity should focus less on inefficient spending cuts to essential services, and more on restructuring the economy.
No, you've made a logical leap that isn't warranted.
There is nothing wrong with running a balanced and cautious budget, and I didn't say there was. But cutting spending on a service unnecessarily, when doing so raises the total long-term spending on that service is categorically inefficient. It's a classic example of short-termism – government ends up simultaneously forking over more money, and achieving less!
Everything has an ROI, everything has an efficiency.
Yes, I agree. That's why UK government austerity should focus less on inefficient spending cuts to essential services, and more on restructuring the economy.