"Now, no-one runs 'real' surpluses or has zero debt. This is the new paradigm we all find ourselves in.
Do some research."
How about Sweden? Fastest growth in Europe last year. And no deficit.
How was it done? Ask Anders Borg their Libertarian Finance Minister. Note the word Libertarian. Just one more time because I really like the word...Libertarian.
When everyone was calling for massive stimulus packages, Borg's stimulus was a permanent tax cut. He also cut welfare-spending to pay for the tax cut. He even cut property taxes for the rich to lure entrepreneurs back to Sweden.
Just one quote from Borg "If you have high taxes, people emigrate because it becomes too costly to own a company. Ownership is a production factor. Entrepreneurs are a production factor....It is also problematic if you drive out entrepreneurs from your country because they are the source of job creation."
Borg's tax-cutting policy was accompanied by a 268 page book explaining the dynamic link between lower taxes and more jobs.
Now compare that to the numpty Arts degree graduate we have as Treasurer.
