Jackstar - you've hit the nail on the head.
The party is in flux at the moment.
Having seen Ed M during hustings, he made it pretty clear that he wishes to fight virtually all of the cuts proposed by the Coalition. Apart for the ususal mutterings about chasing up 'waste' in the NHS, I can't think of one cut he accepts as necessary.
Indeed, he talked about lots of new programs, which of course, will cost even more.
He also accepted absolutely no responsibility for the huge borrowing. This was placed squarely at the door of the bankers. When it was pointed out to him that the difference between borrowing and spending had risen dramatically before the banking crisis, he just blinked like a tree frog.
The reality is that he believes in big giovernment which means expensive governemt which means high borrowing/and/or taxation.
Now there is nothing wrong with that as a political standpoint. But it is light years away form the Blair administration and it will make the party unelectable.