Those of you who don't scroll past my posts will know my views on the 'national debt' and government 'borrowing' for spending on public services. That, properly targeted state spending promotes growth in the economy.
But, here's a conundrum. Ever since the tories came to power in 2010 and introduced their 'austerity' programme of slashing public spending, the 'national debt has been growing; fast.
A comment on another site this morning struck me:
How on earth do you run up £2.5Trn of debt, with absolutely nothing to show for it, but an NHS in permanent crisis, a cost of living crisis, no money for anything, disintegrating infrastructure, decaying cities – and thirteen years of endless austerity; with no end in sight?
Where has the money gone?