Looking at absolute numbers of spending from the last decade, noting that in absolute numbers it increased and concluding austerity does not exist is about as moronic as I expect from a fever swamper crew.

Have you considered that if you were to put 1$ in the bank in 2000, today you'd have more than $1? I'm not going to even attempt to explain you what future value of money, how to adjust it for inflation and growth and so on, but I will point out that 341.5bn in 2000-01 purchased a lot more than 341.5bn today.

As to actual austerity:
2010-11 690bn
2011-12 690bn
2012-13 670bn

Is 3 years of harsh austerity.

Last edited by sini; 04/28/13 01:49 PM.
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