The cuts agenda is a brilliant diversion from the real crisis, says Seumas Milne in The Guardian.
Amen to that. This is how it has gone:
1 Unregulated casino economy crashes through stupidity and cupidity.
2 We the people, through our elected representatives, give them £175,000,000,000 to enable them to continue in the lifestyle to which they have become accustomed.
3 The political debate is now over by how much our public services should be cut.
1 cut Trident, thus saving £75,000,000,000 (or £97 billion, if you prefer not to be suckered by Government figures) over 30 years.
2 Plug the offshore tax haven leak, saving £25,000,000,000 a year.
3 Bring in efficiency savings in public (and indeed private) enterprises, by means of the old Suggestion Box.