Re: I'm confused...
>The gov doesnt create jobs
Apart from all those public sector jobs. And the ones created by big infrastructure projects. And the ones spun off from academic research funded with grant money.
> The gov didnt make a low wage economy.
Oh yes it did.
The Tories have been playing the same old two-faced 'Bring in lots of super-cheap immigrant labour while stoking up racism to distract the noobs from what we're doing' game for literally decades now.
I'm sure Cameron is terribly, terribly sorry that he hasn't managed to cut immigration. No really, he is.
This has been going on since at least the Empire Windrush. (Possibly much longer.)
> The certainty is that public services and jobs have to be cut (this is a concept still beyond some people) due to the cost being far beyond the tax collected and that tax must go up.
That's the peculiar thing about useful public investment - it creates multipliers. If you do it right eventually you get out a lot more than you put it in.
Cutting spending in the wrong ways creates multipliers too. If you do it wrong you lose a lot more than you think, because it has a chilling effect across the economy - as Gideon has proved so brilliantly during his exemplary term as fiscal peasant-kicker in chief.
People like you, who seem to think running a country is just a bigger version of running a bank account and it's all simple, in a stands-to-reason-dunnit market trader kind of a way, shouldn't be allowed anywhere near economics, because you don't understand how fiscal policy actually works.
Keynes understood it, and Keynesians have a much better record of correct predictions than the loony monetarists and supply-siders who currently run things - but since the loonies run things for their own benefit and not anyone else's, it's debatable if this is a bug or a feature.