Taxation, Government Spending and Economic Growth

Jamie Whyte discussed austerity in light of the SNP manifesto on BBC Radio Five Live.Jamie argued that you can’t spend more than you earn – at some point somebody has to pay the price. Borrowing transfers the price away from current voters to future voters. That might be attractive to politicians of today, but over the long run a lot of damage is done to the economy as the state sector is enlarged.Often proposed state spending it isn’t investment which reaps reward in the future.Listen here . Segment starts at 1:52:30.