Prepper, sorry I wrote that in a hurry.
I'll address your current argument though
"actually no, we won't keep spending, we'll keep trying to tighten the purse strings because unless we sort out this mess we are all in trouble".
We are not all in trouble this is the problem, there are a huge amount of firms and people doing very well out of the state, spending on benefits has not really lowered and the deficit has not shrunk by very much. In fact the amount is has shrunk is mainly due to a growing economy, which has been down to Osbourne following Labour plans after having to disregard his own in 2011.
In 2008 before the banking crisis, the deficit stood at the same level as it had in 1997. Many people are conveniently forgetting that we were at war on two fronts for 5 years by this point. The banking crisis destroyed businesses, lending, consumer confidence and the Keynesian response employed by Labour to boost the economy and save the banks was successful but costly. It was not public sector spending that got us into this mess but private sector largesse. If 20 % of what was paid in bonuses and dividends between 2004 and 2008 was saved by the banking sector there would have been no crash and no bail out.
It has been state spending that has got us out of this mess, the cuts to benefits are a drop in the ocean for state spending, it is idealogical and focused on making you look for someone to blame, other than those really responsible.
You make the household spending and state spending analogy when it is not the same at all. When you borrow money as a household for the long term good you swallow the debt repayment, we do that as a nation, but you do not borrow from those within your own household. Most of our sovereign debt is owned by the BOE or British citizens, we are no where near the Greece issue.
It is slight of hand to distract you from the real issue,l 12 bn will not cut your taxes by much or for long, but it will hurt the poor, hard.