Not sure what rewards people are expecting? What we're seeing here is a re-ordering of the world order. We're not as rich as we thought we we're as individuals and as a nation, and we really need to take a tough look at some of the things we've always taken for granted and ask ourselves if we can really afford them.
Not sure the tories have trampled on the poor. What about the tax relief on the poorest earners? I think it is a fact that the lowest earners are better off, despite the benefits reforms so far. Yes, food and other things have increased in price, so the cost of living has increased, but it has for us all, and food prices had been at an all time low over the past 10 to 15 yrs so food prices are just returning to a more normal level, and this would affect any government of the day.
The biggest problem this country faces is debt - we're so indebted due to the demands of the NHS, benefits system and everything else the government has to support. Even in the so called labour boom years we were still borrowing more than we earned to support all those demands, and we have been for the past 40 yrs.
Any government of the day, if acting responsibly, has to tackle this issue because when interest rates start to rise as they eventually will, we wont be able to service those debts, then we're into Greece meltdown territory - banks seizing your money, the government seizing your pensions pot, property prices plummeting, businesses and companies not being able to pay your salary, not being able to get access to your money and savings.
The only thing any government can do is to try to create the best possible environment for businesses and the economy to thrive and compete to increase our GDP, whilst looking to reduce the structural deficit. But we cannot make up for the debt by relying on an increase in GDP only, even if things are starting to recover.
This notion that you can borrow your way out of situations like this and stimulate a recovery and increase GP has been proved to not work not only in this country but in others like Greece, Portugal, Argentina, Ireland etc. And it was Jim Calahan back in the 60's/70's who tried to address the recession of the 70's by borrowing and investing in the public sector and other things (i.e. Labours Plan) and it just didn't work and very nearly broke the nation. He mentioned in a speech that the idea that you can borrow your way out of recession and stimulate growth by borrowing just doesn't and cannot work. So the Labour party themselves have experienced this first hand and have chosen to ignore the lessons of the past. They're either doing this as a cynical ploy to tell voters what they want to hear just to get into power and then do something different, or they really are as ignorant as they are arrogant.
We're definitely not out of the woods yet. There is still the crisis in the NHS to face, the pensions crisis is looming, the problem of increasing property prices is still there and needs to be tackled and many others. There is alot to do yet before we're on an even keel. Maybe things wont get worse, but I don't think they're going to get much better. Forget the indulgent decade of the 90's. That was a one off anomaly and we're paying the price for it now. It wont happen again.
I really don't understand how people can think that we can get out of a debt crisis by getting into more debt. Would you do that with your own personal finances?