I've said this already...

...but in all seriousness, just because other people are doing it doesn't make it right.

The Tories have the temerity to suggest that we live within our means, or at least make an effort to. Darling and Brown respond by calling them a 'do nothing' party. I get it... no, really...

While I agree that doing nothing is not a viable solution, I can't see that is what the Tories are suggesting. Cameron and Osborne are suggesting that the £20bn is unsustainable and could cripple us in the long-term, and having looked at Gordon's sums, I can't say I disagree.

We're facing a massive tax-hike down the road to cover the cost of borrowing now, when our currency is dropping like a brick. That means printing more money to reduce the real-terms value of the debt, which will benefit borrowers, but penalise the savers who are the only ones who acted responsibly through all this.

Yes, fiscal stimulus is needed, but not in the amounts Labour are proposing. It's a lazy, clumsy response and is akin to using a sledgehammer when what is required is a well-honed sabre.