I would prefer that a prospective government set out, overall, their vision for the country and set out, overall how they would balance the books.
Yes. And I would go further...is talk of "balancing the books" a Tory (Republican in America) technique for controlling/derailing? Is running "debt" bad?
I think ultimately there are limits to the size of healthy debt. But debt isn't inherently bad, and in many cases is good. So framing the discussion in this way is either arguable....or perhaps a way to control the discussion.
As it stands now, we are running about a 50 billion/year deficit. And carrying a debt to GDP roughly equal to other European nations our size.
Looking forward, as is done here by the Institute of Fiscal Studies (who have the whiff of Tory about them), it becomes pretty apparent - given especially the ageing population - that if we are going to make substantial deficit/debt reductions, severe cuts and raised taxes will be needed:
www.ifs.org.uk/publications/8825
Again, their thesis is based on the sanctity of debt/deficit reduction, which may be a very false god. Too, economic growth....even a little, would make a huge difference.
But if every time when someone suggests changing the letterhead or using coloured push pins a scream of "how do you plan to pay for it?" goes up......well the answer is that in the grand scheme of things there are much much bigger concerns.
What is needed is a frank and honest conversation about whether we should lash ourselves to the mast of debt reduction or, as I feel, make plans for budgets and expenditures and taxation which move us towards a stronger/growing economy. And do this without using the most vulnerable as grease under the wheel.
We are in no danger at all of "bankruptcy". The British economy is resilient, our governmental structure/rule of law is sound, we will not be invaded, there will be no junta....tsunami is very, very unlikely.
With these conditions, one must ask why the rush to defenestrate the sick and poor.