Austerity.

For the benefit of socialists and the terminally dull (yes, I realise that the overlap is considerable) I wish to explain 'austerity'.

This is not some grandiose capitalist plot deliberately manufactured to make peoples' lives more difficult. One might say that it is quite the opposite, in fact.

When a family, or indeed, a nation, overspends - this is demonstrably no good thing. 

This fact is indisputable. How so? - Well, debt always begets debt. It is one of those fundamentals of economics frequently sidelined by economists who like to wear a hat of complex themes and colours with: one section that is part lunatic; another part political; a further part with raging, unwarranted optimism built-in; a single portion with a soupçon of pie-in-the-sky philosophy attached as a wobbling bobble.

When you are in debt, logically you must try to escape what has to become a longterm downward spiral.

Excess borrowing mortgages, not only our own future, but that of all those around us, plus that of all future generations.
Still want us to let government spending go unchecked?