At least when working they were paying tax, now they're taking out.
Except the "tax" they paid came from taxpayers in the first place so its not really losing income as such.
Glitter, there are always alternatives. But essentially when paying a debt back, there are two ways of doing it.
-
Cut your outgoings a lot and pay off as much as you can, as quickly as you can.
-
Cut your outgoings a bit and pay off your debt over a longer period.
You are suggesting 2) because to do 1) would be to have to make huge cuts in all the things we like to see like schools, benefits etc. Correct?
However there's another element to this which people rarely consider. And that is that politician's don't like to make cuts. Why? Because its a sure fire way to lose votes. That's how we've ended up with such a bloody great big deficit anyway. Because MP's like to spend cash like its a bottomless pit.
So here we are, the music stopped, Blair managed to escape whilst the good times still rolled, Brown managed eek things out until the election where luckily for Labour, they lost and the coalition were left holding the poison chalice.
As Mervyn King famously said before the election: "....whoever wins this election will be out of power for a whole generation because of how tough the fiscal austerity will have to be."
So there we are...the coalition MUST make cuts. There's no choice. The only questions are how deep and where. Now it must be obvious to even a blind man that as soon as you cut things like benefits, it doesn't matter if you want to shave 1% or 10%, there will be negative press coverage, protests, claims of nasty Tories and lib dem stooges.
The ONLY chance the coalition have to be in power is to cut fast, cut deep and hope that by the time the 5 years is up, the economy is growing and the deficit eliminated. That's the real reason why one of the first acts of the coalition was to make it harder for others to force a vote of no confidence. To maximise their chances of lasting five unpopular years.
The alternative is to cut slowly and in five years time say "Well we've done half a job.....vote for us and we'll do the other half in the next five years..." simply would not have worked. Most people wouldn't vote Tory/Libdems already, Who would vote for another five years of cuts?