Just to recommend a great debate that’s fizzing away over at Comment Central. On one side there’s Daniel Finkelstein, who – I think it’s fair to say – is less-than-impressed with what he calls the Lib Dems’ “punk” tax cuts, and advocates a more cautious approach. On the other, there’s Nick Clegg, who says those unholy, punk tax-cuts are right for our economically-depressed times.
Finkelstein got the ball rolling with this post, in which he takes a jibe at the Lib Dems’ tax policy. Clegg responded here. I quote a paragraph with largely sums up that response:
“Why does Danny think it’s impossible after a decade of spiralling Whitehall spending to find 3% of that money that could be put to a better use? That’s what Gordon Brown says – the Government knows best, and the rest of us are not allowed to question the way he spends our money.”
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