Tuesday 3 February 2009

Lib Dems Bought Off In Return For More Public Debt

That the Scottish Parliament Budget will go through with majority support tomorrow is a very good thing for Scotland.

The additional £1.8billion that will be released into the Scottish economy over the coming 12 months will be a vital shot in the arm for an economy in a dreadful condition after more than a decade of Labour mismanagement.

The interesting thing about the decision of the Lib Dems to vote for the budget tomorrow is that their support is being gained in return for one single penny of better public spending. They are simply being bought by a commitment from the SNP to lobby for Scotland to have greater borrowing powers under devolution.

With every one of us already set to owe more than £17,000 as our share of public sector debt the answer to Scotland's ills is surely not more public borrowing/debt. If we want to see public sector infrastructure projects start, to boost an economy in recession, the best way to deliver this is to seek private sector investment not to increase the national debt.

The problem for us all is that while the Lib Dems at Westminster have people like Vince Cable talking a lot of sense they are left at Holyrood with Tavish Scott saying a lot that makes no sense. If ever the Lib Dems in Scotland wanted to prove they are rapidly becoming an electoral irrelevance and a danger to the Scottish public their actions throughout the 2009 budget process is surely a good example of them being rebels without any cause.

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